Retireful LLC Takes Position in Equinix, Inc. (NASDAQ:EQIX)

Retireful LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 851 shares of the financial services provider's stock, valued at approximately $802,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EQIX. State Street Corp increased its position in shares of Equinix by 1.4% in the third quarter. State Street Corp now owns 5,826,082 shares of the financial services provider's stock valued at $5,171,405,000 after acquiring an additional 81,941 shares during the period. Geode Capital Management LLC increased its holdings in Equinix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider's stock valued at $2,079,591,000 after purchasing an additional 33,277 shares during the period. Principal Financial Group Inc. raised its position in Equinix by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock valued at $1,681,256,000 after purchasing an additional 5,910 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Equinix by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock worth $1,188,180,000 after buying an additional 203,656 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Equinix by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,134,171 shares of the financial services provider's stock worth $1,006,724,000 after buying an additional 53,729 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

Equinix stock traded down $4.30 during trading hours on Friday, hitting $915.59. 623,359 shares of the stock traded hands, compared to its average volume of 526,033. The firm's 50 day moving average price is $941.75 and its 200-day moving average price is $874.79. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $88.35 billion, a price-to-earnings ratio of 82.56, a P/E/G ratio of 2.12 and a beta of 0.73. 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 announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.86%. Equinix's dividend payout ratio (DPR) is presently 153.65%.

Insider Activity at Equinix

In other news, CFO Keith D. Taylor sold 1,500 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $971.18, for a total value of $1,456,770.00. Following the completion of the transaction, the chief financial officer now owns 18,966 shares of the company's stock, valued at $18,419,399.88. The trade was a 7.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kurt Pletcher sold 341 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the sale, the insider now owns 1,430 shares in the company, valued at $1,292,319.60. The trade was a 19.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,412 shares of company stock worth $18,826,100 over the last three months. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of several research reports. BMO Capital Markets lifted their price objective on Equinix from $975.00 to $1,020.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Scotiabank increased their price objective on shares of Equinix from $954.00 to $985.00 and gave the company a "sector outperform" rating in a research report on Thursday, October 31st. Wells Fargo & Company raised their price objective on shares of Equinix from $985.00 to $1,100.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Stifel Nicolaus upped their target price on shares of Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on Equinix from $935.00 to $1,090.00 and gave the stock a "buy" rating in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $976.81.

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.