World Investment Advisors Invests $862,000 in Equinix, Inc. (NASDAQ:EQIX)

World Investment Advisors purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 915 shares of the financial services provider’s stock, valued at approximately $862,000.

A number of other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in shares of Equinix during the fourth quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new stake in Equinix during the 4th quarter valued at approximately $39,000. Sierra Ocean LLC acquired a new stake in Equinix during the 4th quarter valued at approximately $42,000. Dunhill Financial LLC increased its holdings 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 purchasing an additional 25 shares during the last quarter. Finally, Thompson Investment Management Inc. acquired a new position in shares of Equinix in the 4th quarter valued at approximately $47,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Equinix news, insider Brandi Galvin Morandi sold 684 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the sale, the insider now directly owns 8,377 shares in the company, valued at $7,878,652.27. This represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kurt Pletcher sold 341 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.72, for a total value of $308,168.52. Following the transaction, the insider now directly owns 1,430 shares of the company’s stock, valued at approximately $1,292,319.60. The trade was a 19.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,054 shares of company stock valued at $17,466,950. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EQIX. Barclays lifted their price target on shares of Equinix from $822.00 to $834.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Royal Bank of Canada boosted their target price on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Truist Financial reduced their price target on shares of Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. BMO Capital Markets lowered their price objective on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Equinix currently has a consensus rating of “Buy” and an average price target of $1,007.59.

Equinix Stock Down 4.4 %

Equinix stock opened at $766.21 on Monday. The firm has a market capitalization of $74.58 billion, a P/E ratio of 89.62, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a 50-day simple moving average of $883.46 and a 200-day simple moving average of $906.83. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. 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 (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating 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%. As a group, equities analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $4.69 dividend. This is a boost from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.45%. Equinix’s dividend payout ratio is presently 219.42%.

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.