Lido Advisors LLC Grows Position in Equinix, Inc. $EQIX

Lido Advisors LLC raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 66.0% in the first quarter, Holdings Channel.com reports. The fund owned 18,936 shares of the financial services provider’s stock after buying an additional 7,528 shares during the quarter. Lido Advisors LLC’s holdings in Equinix were worth $18,563,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EQIX. Avion Wealth lifted its stake in shares of Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Equinix during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC grew its position in Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after buying an additional 28 shares during the period. Physician Wealth Advisors Inc. grew its position in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after buying an additional 24 shares during the period. Finally, WPG Advisers LLC increased its holdings in Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after buying an additional 15 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the sale, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. The trade was a 37.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 11,115 shares of company stock worth $12,022,574. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Up 0.5%

Shares of NASDAQ EQIX opened at $1,033.55 on Friday. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The company has a market capitalization of $101.93 billion, a PE ratio of 71.53, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s 50-day moving average is $1,056.35 and its two-hundred day moving average is $985.65.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company posted $9.67 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts anticipate that Equinix, Inc. will post 38.25 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Equinix’s dividend payout ratio is 142.84%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EQIX. TD Cowen lifted their price target on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Oppenheimer restated an “outperform” rating and issued a $1,200.00 price target on shares of Equinix in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,207.00 price objective on shares of Equinix in a research note on Tuesday, May 5th. Evercore reaffirmed an “outperform” rating and set a $1,240.00 price objective on shares of Equinix in a report on Tuesday, April 28th. Finally, Barclays boosted their target price on Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $1,153.79.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.