Equinix, Inc. (NASDAQ:EQIX - Get Free Report) Chairman Charles J. Meyers sold 5,788 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the completion of the transaction, the chairman now owns 15,233 shares of the company's stock, valued at approximately $13,859,135.73. This trade represents a 27.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ EQIX traded down $4.30 during trading on Friday, hitting $915.59. 566,147 shares of the company traded hands, compared to its average volume of 492,928. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The business's fifty day moving average is $941.75 and its 200 day moving average is $874.79. The firm has a market capitalization of $88.35 billion, a price-to-earnings ratio of 82.56, a P/E/G ratio of 2.12 and a beta of 0.73. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were issued a $4.26 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.86%. Equinix's payout ratio is currently 153.65%.
A number of hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Equinix by 9.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider's stock worth $18,099,000 after purchasing an additional 1,716 shares in the last quarter. Brookfield Corp ON lifted its stake in shares of Equinix by 67.3% in the third quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider's stock valued at $71,685,000 after buying an additional 32,481 shares in the last quarter. E. Ohman J or Asset Management AB grew its holdings in shares of Equinix by 3.0% during the third quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider's stock valued at $33,215,000 after buying an additional 1,103 shares during the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Equinix by 25.9% during the second quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider's stock worth $279,516,000 after acquiring an additional 75,888 shares in the last quarter. Finally, Thematics Asset Management raised its holdings in shares of Equinix by 17.7% in the 3rd quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider's stock worth $35,462,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.
Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Equinix from $870.00 to $980.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Truist Financial raised their target price on Equinix from $935.00 to $1,090.00 and gave the stock a "buy" rating in a research report on Friday, November 29th. Royal Bank of Canada increased their price target on Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. TD Cowen lifted their price objective on Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Cfra reissued a "hold" rating on shares of Equinix in a research report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Equinix currently has a consensus rating of "Moderate Buy" and an average target price of $976.81.
Check Out Our Latest Stock Report on EQIX
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.
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