Walleye Capital LLC Sells 1,681 Shares of Equinix, Inc. (NASDAQ:EQIX)

Walleye Capital LLC trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 69.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 742 shares of the financial services provider's stock after selling 1,681 shares during the period. Walleye Capital LLC's holdings in Equinix were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Equinix by 0.3% in 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 acquiring an additional 5,910 shares during the period. Pine Valley Investments Ltd Liability Co raised its position in shares of Equinix by 49.0% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 1,593 shares of the financial services provider's stock valued at $1,414,000 after purchasing an additional 524 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Equinix during the 3rd quarter valued at approximately $582,000. Cim Investment Management Inc. boosted its holdings in Equinix by 31.4% in the 3rd quarter. Cim Investment Management Inc. now owns 3,674 shares of the financial services provider's stock worth $3,261,000 after buying an additional 879 shares during the period. Finally, Tidal Investments LLC grew its stake in Equinix by 12.9% in the 3rd quarter. Tidal Investments LLC now owns 25,776 shares of the financial services provider's stock valued at $22,880,000 after buying an additional 2,940 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In other Equinix news, CFO Keith D. Taylor sold 2,454 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the sale, the chief financial officer now directly owns 24,402 shares of the company's stock, valued at $22,677,754.68. This trade represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurt Pletcher sold 215 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total value of $199,891.95. Following the completion of the transaction, the insider now owns 1,245 shares in the company, valued at $1,157,513.85. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,040 shares of company stock worth $6,547,068 in the last three months. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Up 2.6 %

EQIX stock traded up $20.91 during trading on Friday, hitting $838.10. 605,304 shares of the stock traded hands, compared to its average volume of 550,655. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap 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. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The firm'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 released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. On average, sell-side analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Oppenheimer upped their price target on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research note on Thursday, February 13th. Barclays upped their price objective on shares of Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Truist Financial reduced their price target on Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Finally, Citizens Jmp upgraded shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Two equities research 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, the company has an average rating of "Buy" and a consensus price target of $1,004.94.

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.