Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Jump Financial LLC

Jump Financial LLC cut its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 69.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 747 shares of the financial services provider's stock after selling 1,690 shares during the quarter. Jump Financial LLC's holdings in Equinix were worth $704,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Kestra Investment Management LLC acquired a new position in shares of Equinix in the 4th quarter valued at $31,000. J.Safra Asset Management Corp acquired a new position in shares of Equinix in the fourth quarter worth about $39,000. Sierra Ocean LLC purchased a new stake in shares of Equinix during the 4th quarter worth about $42,000. Thompson Investment Management Inc. acquired a new stake in shares of Equinix during the 4th quarter valued at about $47,000. Finally, Key Financial Inc increased its stake in shares of Equinix by 30.4% in the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In related news, insider Kurt Pletcher sold 215 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total value of $199,891.95. Following the sale, the insider now owns 1,245 shares in the company, valued at $1,157,513.85. This represents a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction 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 of the company's stock, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,040 shares of company stock valued at $6,547,068. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on EQIX. Barclays raised their price objective on Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Cfra Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th. Wolfe Research raised Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target on the stock in a research note on Thursday, March 27th. Oppenheimer boosted their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Mizuho reduced their price target on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Equinix has an average rating of "Buy" and a consensus price target of $1,004.94.

Equinix Stock Up 2.3 %

EQIX stock opened at $791.12 on Wednesday. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a fifty day moving average of $841.89 and a 200-day moving average of $896.22. The stock has a market capitalization of $77.39 billion, a PE ratio of 92.53, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating 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, analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $4.69 dividend. This is a boost from Equinix's previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.37%. Equinix's dividend payout ratio is presently 219.42%.

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.

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