Burling Wealth Partners LLC Sells 249 Shares of Equinix, Inc. $EQIX

Burling Wealth Partners LLC decreased its stake in Equinix, Inc. (NASDAQ:EQIX) by 14.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,517 shares of the financial services provider’s stock after selling 249 shares during the period. Burling Wealth Partners LLC’s holdings in Equinix were worth $1,207,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management raised its holdings in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 17 shares during the period. Westside Investment Management Inc. increased its position in Equinix by 190.9% in the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Equinix in the second quarter valued at $26,000. Bank of Jackson Hole Trust lifted its position in shares of Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Finally, Atticus Wealth Management LLC bought a new position in shares of Equinix during the 2nd quarter worth $29,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 579 shares of company stock worth $454,188. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. upped their price target on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. TD Cowen raised their price objective on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Morgan Stanley assumed coverage on shares of Equinix in a report on Thursday, October 16th. They set an “overweight” rating and a $950.00 target price on the stock. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $960.76.

Equinix Stock Performance

NASDAQ EQIX opened at $786.54 on Friday. The company’s 50 day simple moving average is $803.80 and its two-hundred day simple moving average is $817.84. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The stock has a market capitalization of $77.23 billion, a PE ratio of 72.03, a P/E/G ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping the consensus estimate of $9.27 by $0.56. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be issued a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is presently 171.79%.

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.