Equinix, Inc. (NASDAQ:EQIX) Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,696 shares of the financial services provider's stock after purchasing an additional 15,561 shares during the period. Hsbc Holdings PLC owned about 0.37% of Equinix worth $336,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inspire Trust Co. N.A. grew its stake in shares of Equinix by 0.7% during the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock valued at $1,509,000 after acquiring an additional 11 shares in the last quarter. Rothschild Investment LLC grew its stake in Equinix by 1.9% during the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock valued at $543,000 after purchasing an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in Equinix by 3.2% during the 4th quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock worth $340,000 after purchasing an additional 11 shares during the last quarter. Ritholtz Wealth Management increased its holdings in Equinix by 1.8% during the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock worth $633,000 after purchasing an additional 12 shares during the last quarter. Finally, Great Lakes Retirement Inc. boosted its stake in shares of Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock valued at $920,000 after buying an additional 12 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research analyst reports. 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. Scotiabank reduced their price target on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a research report on Tuesday. Citizens Jmp raised Equinix to a "strong-buy" rating in a report on Monday, January 27th. BMO Capital Markets decreased their target price on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Equinix has a consensus rating of "Buy" and a consensus target price of $1,004.94.

Equinix Stock Performance

Shares of NASDAQ:EQIX traded up $20.91 on Friday, hitting $838.10. The company's stock had a trading volume of 605,304 shares, compared to its average volume of 550,655. The company has a market capitalization of $81.98 billion, a price-to-earnings ratio of 98.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The stock's 50-day moving average is $835.22 and its two-hundred day moving average is $895.02.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $4.69 per share. This is a positive change from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is presently 219.42%.

Insider Activity

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