Tidal Investments LLC Acquires 2,940 Shares of Equinix, Inc. (NASDAQ:EQIX)

Tidal Investments LLC raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 12.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,776 shares of the financial services provider's stock after buying an additional 2,940 shares during the period. Tidal Investments LLC's holdings in Equinix were worth $22,880,000 as of its most recent SEC filing.

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

Equinix Stock Performance

Shares of EQIX stock traded up $1.73 during mid-day trading on Thursday, reaching $975.30. The stock had a trading volume of 284,474 shares, compared to its average volume of 528,811. The firm has a market cap of $94.10 billion, a PE ratio of 87.94, a P/E/G ratio of 2.54 and a beta of 0.72. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The firm's 50 day simple moving average is $916.16 and its 200 day simple moving average is $843.28.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were given a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.75%. Equinix's payout ratio is currently 153.65%.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 1,726 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $904.99, for a total value of $1,562,012.74. Following the transaction, the insider now directly owns 6,505 shares in the company, valued at $5,886,959.95. The trade was a 20.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the transaction, the chief executive officer now owns 3,069 shares in the company, valued at $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,398 shares of company stock worth $7,906,218 in the last ninety days. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Equinix from $975.00 to $1,020.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Scotiabank raised their price objective on Equinix from $954.00 to $985.00 and gave the company a "sector outperform" rating in a research note on Thursday, October 31st. Cfra reiterated a "hold" rating on shares of Equinix in a report on Tuesday, September 24th. HSBC raised shares of Equinix from a "hold" rating to a "buy" rating and boosted their target price for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. upped their price target on Equinix from $950.00 to $975.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $976.81.

About Equinix

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.