Equinix (NASDAQ:EQIX) EVP Sells $743,250.06 in Stock

by · The Cerbat Gem

Equinix, Inc. (NASDAQ:EQIXGet Free Report) EVP Raouf Abdel sold 927 shares of Equinix stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $801.78, for a total value of $743,250.06. Following the transaction, the executive vice president owned 7,337 shares of the company’s stock, valued at $5,882,659.86. The trade was a 11.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Raouf Abdel also recently made the following trade(s):

  • On Tuesday, December 2nd, Raouf Abdel sold 159 shares of Equinix stock. The stock was sold at an average price of $731.19, for a total transaction of $116,259.21.

Equinix Stock Performance

Shares of NASDAQ EQIX traded down $17.58 during mid-day trading on Tuesday, reaching $784.20. 496,784 shares of the company were exchanged, compared to its average volume of 538,161. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $953.41. The stock has a market capitalization of $77.00 billion, a P/E ratio of 71.81, a P/E/G ratio of 1.25 and a beta of 1.05. The company’s 50-day simple moving average is $765.68 and its 200-day simple moving average is $782.56. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32.

Equinix (NASDAQ:EQIXGet Free Report) last announced 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 for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is 171.79%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EQIX. Quent Capital LLC lifted its holdings in shares of Equinix by 4.2% in the third quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock worth $233,000 after buying an additional 12 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Equinix by 1.3% in the second quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock worth $827,000 after buying an additional 13 shares during the period. CVA Family Office LLC boosted its stake in shares of Equinix by 10.9% during the second quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 13 shares during the period. Flputnam Investment Management Co. raised its stake in shares of Equinix by 1.0% during the third quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock valued at $1,014,000 after acquiring an additional 13 shares during the last quarter. Finally, Paragon Private Wealth Management LLC increased its stake in shares of Equinix by 2.7% during the third quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $388,000 after buying an additional 13 shares during the period. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on EQIX. TD Cowen upped their price objective on Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $915.00 target price on shares of Equinix in a research report on Tuesday, January 6th. JPMorgan Chase & Co. upped their target price on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. HSBC set a $1,050.00 price target on shares of Equinix and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, Barclays reissued a “positive” rating and issued a $870.00 price target on shares of Equinix in a research report on Tuesday, January 13th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $959.64.

Check Out Our Latest Report on Equinix

Equinix Company Profile

(Get Free Report)

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.

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