Equinix, Inc. (NASDAQ:EQIX) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 11.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,280 shares of the financial services provider's stock after selling 660 shares during the quarter. MML Investors Services LLC's holdings in Equinix were worth $4,687,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in EQIX. GHP Investment Advisors Inc. raised its holdings in Equinix by 50.0% in 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 in the last quarter. Fortitude Family Office LLC lifted its position in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock worth $35,000 after purchasing an additional 13 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Equinix during the second quarter worth $36,000. Sugarloaf Wealth Management LLC increased its holdings in Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider's stock valued at $36,000 after buying an additional 20 shares during the last quarter. Finally, Dunhill Financial LLC raised its stake in Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock valued at $43,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Equinix from $985.00 to $1,100.00 and gave the company an "overweight" rating in a research report on Tuesday. Scotiabank boosted their target price on 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 target on Equinix from $945.00 to $975.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on Equinix from $975.00 to $1,020.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, Truist Financial lifted their target price on shares of Equinix from $935.00 to $1,090.00 and gave the company a "buy" rating in a report on Friday, November 29th. Four equities research 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $976.81.

Equinix Price Performance

Equinix stock traded down $10.30 during midday trading on Friday, reaching $965.00. 394,573 shares of the company were exchanged, compared to its average volume of 528,252. The company has a market capitalization of $93.11 billion, a price-to-earnings ratio of 87.02, a P/E/G ratio of 2.51 and a beta of 0.72. 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 firm's 50-day simple moving average is $919.91 and its 200-day simple moving average is $845.58. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix's payout ratio is 153.65%.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the sale, the executive vice president now owns 4,893 shares of the company's stock, valued at approximately $4,518,979.08. The trade was a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, 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. Insiders sold 8,398 shares of company stock worth $7,906,218 in the last 90 days. 0.27% of the stock is owned by company insiders.

Equinix Company 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.