Motley Fool Wealth Management LLC Has $19.09 Million Stake in Equinix, Inc. $EQIX

Motley Fool Wealth Management LLC lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 17.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,922 shares of the financial services provider’s stock after selling 5,221 shares during the period. Equinix comprises approximately 1.5% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Motley Fool Wealth Management LLC’s holdings in Equinix were worth $19,094,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Equinix by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock valued at $10,265,706,000 after purchasing an additional 107,227 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after purchasing an additional 588,967 shares during the last quarter. Geode Capital Management LLC boosted its stake in Equinix by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock valued at $1,959,731,000 after purchasing an additional 25,383 shares during the last quarter. Norges Bank acquired a new position in Equinix during the 4th quarter valued at about $984,355,000. Finally, Legal & General Group Plc boosted its stake in Equinix by 10.5% during the 4th quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider’s stock valued at $946,724,000 after purchasing an additional 117,101 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Down 0.3%

NASDAQ:EQIX opened at $1,059.84 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $104.52 billion, a PE ratio of 73.35, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The firm’s 50 day moving average is $1,062.29 and its 200 day moving average is $918.62. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s dividend payout ratio is currently 142.84%.

Insiders Place Their Bets

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the transaction, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman directly owned 7,370 shares in the company, valued at approximately $7,998,145.10. This represents a 41.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,779 shares of company stock valued at $15,580,249 over the last quarter. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EQIX shares. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Guggenheim restated a “buy” rating and issued a $1,235.00 target price on shares of Equinix in a research note on Wednesday, May 20th. BMO Capital Markets boosted their target price on Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Finally, Mizuho boosted their target price on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.