Edmond DE Rothschild Holding S.A. Has $11.73 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Edmond DE Rothschild Holding S.A. lessened its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,438 shares of the financial services provider's stock after selling 1,062 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Equinix were worth $11,728,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Oppenheimer & Co. Inc. boosted its position in Equinix by 61.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider's stock worth $7,946,000 after acquiring an additional 3,212 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Equinix by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider's stock worth $592,191,000 after purchasing an additional 2,560 shares during the period. National Pension Service grew its stake in shares of Equinix by 1.3% during the 4th quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock valued at $229,263,000 after buying an additional 3,164 shares during the period. Brookfield Corp ON increased its holdings in shares of Equinix by 67.3% during the 3rd quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider's stock worth $71,685,000 after buying an additional 32,481 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Equinix by 19.2% in the 4th quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock worth $2,361,000 after buying an additional 404 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BMO Capital Markets cut their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Mizuho reduced their target price on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Truist Financial dropped their price target on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Barclays increased their price objective on shares of Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Finally, Oppenheimer lifted their price target on Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Equinix currently has an average rating of "Buy" and a consensus target price of $1,007.59.

Equinix Price Performance

Equinix stock traded down $19.82 during mid-day trading on Friday, hitting $781.62. 268,819 shares of the company were exchanged, compared to its average volume of 549,064. The company has a market capitalization of $76.08 billion, a PE ratio of 91.21, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The business has a fifty day moving average of $886.95 and a 200 day moving average of $906.99.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. As a group, sell-side analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $4.69 per share. This is an increase from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.40%. The ex-dividend date was Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is 219.42%.

Insider Buying and Selling at Equinix

In related news, insider Kurt Pletcher sold 341 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the completion of the transaction, the insider now directly owns 1,430 shares in the company, valued at approximately $1,292,319.60. This trade represents a 19.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the transaction, the insider now directly owns 8,377 shares in the company, valued at $7,878,652.27. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is currently owned by corporate insiders.

Equinix Profile

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.