Hudson Bay Capital Management LP Increases Stock Position in Equinix, Inc. $EQIX

Hudson Bay Capital Management LP increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5,346.3% in the second quarter, Holdings Channel reports. The firm owned 14,705 shares of the financial services provider’s stock after buying an additional 14,435 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Equinix were worth $11,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Gitterman Wealth Management LLC raised its holdings in shares of Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock valued at $206,000 after buying an additional 12 shares during the last quarter. Quent Capital LLC increased its position in Equinix by 4.8% in the 2nd quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 13 shares during the period. Whittier Trust Co. raised its stake in Equinix by 1.3% during the 2nd quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock valued at $827,000 after acquiring an additional 13 shares during the last quarter. CVA Family Office LLC raised its stake in Equinix by 10.9% during the 2nd quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 13 shares during the last quarter. Finally, Bank of Jackson Hole Trust lifted its position in Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 14 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

NASDAQ:EQIX opened at $750.32 on Monday. The firm’s fifty day simple moving average is $789.62 and its 200-day simple moving average is $799.79. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. The stock has a market cap of $73.67 billion, a PE ratio of 68.71, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $982.98.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the firm earned $9.05 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a $4.69 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.5%. Equinix’s dividend payout ratio is currently 171.79%.

Insiders Place Their Bets

In related news, CEO Adaire Fox-Martin sold 2,894 shares of Equinix stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the completion of the transaction, the chief executive officer directly owned 12,366 shares of the company’s stock, valued at approximately $9,040,658.94. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jonathan Lin sold 124 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total value of $90,666.32. Following the sale, the insider owned 8,299 shares in the company, valued at approximately $6,068,062.82. The trade was a 1.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,704 shares of company stock worth $6,617,748. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

EQIX has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price objective on the stock in a research note on Wednesday, December 3rd. TD Cowen raised their target price on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Citigroup reiterated a “buy” rating on shares of Equinix in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus target price of $958.15.

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.