Equinix (NASDAQ:EQIX) Chairman Charles Meyers Sells 5,087 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) Chairman Charles Meyers sold 5,087 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the completion of the sale, the chairman directly owned 10,426 shares of the company’s stock, valued at approximately $8,116,328.22. This represents a 32.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Equinix Stock Up 0.3%

Shares of EQIX opened at $779.17 on Wednesday. The business’s fifty day moving average price is $804.25 and its two-hundred day moving average price is $815.60. The firm has a market capitalization of $76.50 billion, a price-to-earnings ratio of 71.35, a PEG ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is 171.79%.

Institutional Trading of Equinix

Several hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC grew its position in shares of Equinix by 298,148.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after purchasing an additional 8,154,365 shares during the period. Norges Bank acquired a new stake in Equinix during the 2nd quarter worth approximately $892,431,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Equinix by 408.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after buying an additional 953,001 shares in the last quarter. Nuveen LLC acquired a new position in shares of Equinix in the first quarter valued at approximately $662,663,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after buying an additional 588,967 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent research reports. Cowen reissued a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research report on Tuesday, July 22nd. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley started coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective for the company. Finally, Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Equinix currently has an average rating of “Buy” and a consensus target price of $961.33.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.