Douglas Lane & Associates LLC Reduces Position in Equinix, Inc. (NASDAQ:EQIX)

Douglas Lane & Associates LLC decreased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,141 shares of the financial services provider’s stock after selling 275 shares during the quarter. Equinix accounts for approximately 1.3% of Douglas Lane & Associates LLC’s holdings, making the stock its 20th biggest position. Douglas Lane & Associates LLC owned approximately 0.10% of Equinix worth $91,594,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Inspire Trust Co. N.A. raised its position in Equinix by 0.7% in the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 11 shares during the period. GS Investments Inc. increased its stake in Equinix by 0.5% in the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after buying an additional 12 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the period. Fortitude Family Office LLC lifted its position in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares in the last quarter. Finally, Abbrea Capital LLC boosted its stake in shares of Equinix by 5.5% in the second quarter. Abbrea Capital LLC now owns 270 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 14 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Up 0.5 %

NASDAQ EQIX traded up $4.48 during mid-day trading on Wednesday, hitting $944.55. The company’s stock had a trading volume of 189,778 shares, compared to its average volume of 389,970. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The stock’s fifty day simple moving average is $939.56 and its two-hundred day simple moving average is $868.27. The firm has a market capitalization of $91.14 billion, a P/E ratio of 85.17, a price-to-earnings-growth ratio of 2.51 and a beta of 0.73.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.80%. Equinix’s payout ratio is currently 153.65%.

Insider Buying and Selling

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the sale, the chief executive officer now directly owns 3,069 shares in the company, valued at $2,951,211.78. The trade was a 49.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the sale, the director now directly owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,398 shares of company stock valued at $7,906,218. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EQIX shares. Truist Financial lifted their target price on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Scotiabank raised their target price on shares of Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a report on Thursday, October 31st. Evercore ISI lifted their price objective on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $976.81.

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.