Equinix, Inc. (NASDAQ:EQIX) Stock Holdings Decreased by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,503 shares of the financial services provider's stock after selling 1,475 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Equinix were worth $2,360,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Kestra Investment Management LLC acquired a new stake in shares of Equinix during the fourth quarter worth $31,000. J.Safra Asset Management Corp bought a new stake in shares of Equinix during the 4th quarter valued at about $39,000. Sierra Ocean LLC acquired a new stake in Equinix during the fourth quarter worth about $42,000. Thompson Investment Management Inc. bought a new position in Equinix in the fourth quarter worth about $47,000. Finally, Key Financial Inc boosted its stake in Equinix by 30.4% in the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 14 shares during the period. Institutional investors own 94.94% of the company's stock.

Insider Activity

In related news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the transaction, the director now owns 17,669 shares in the company, valued at $16,117,838.49. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,040 shares of company stock worth $6,547,068. Insiders own 0.27% of the company's stock.

Equinix Trading Up 2.6 %

Shares of EQIX stock opened at $838.10 on Friday. 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 stock has a 50-day simple moving average of $835.22 and a 200 day simple moving average of $895.14. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The stock has a market capitalization of $81.98 billion, a P/E ratio of 98.02, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, sell-side analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.24%. This is a boost from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is currently 219.42%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EQIX shares. Truist Financial cut their price target on Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Citizens Jmp upgraded shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Mizuho cut their price objective on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, Cfra Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Equinix has an average rating of "Buy" and an average price target of $1,004.94.

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.

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