Angeles Wealth Management LLC Increases Holdings in Equinix, Inc. $EQIX

Angeles Wealth Management LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 9.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 305 shares of the financial services provider’s stock after purchasing an additional 27 shares during the period. Angeles Wealth Management LLC’s holdings in Equinix were worth $243,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EQIX. Valeo Financial Advisors LLC boosted its holdings in shares of Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after purchasing an additional 8,154,365 shares during the period. Nuveen LLC purchased a new stake in Equinix during the first quarter worth $662,663,000. JPMorgan Chase & Co. boosted its position in Equinix by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after acquiring an additional 291,753 shares in the last quarter. National Bank of Canada FI boosted its position in Equinix by 169.7% during the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock valued at $321,427,000 after acquiring an additional 248,075 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after acquiring an additional 242,121 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several recent research reports. Bank of America dropped their target price on Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Truist Financial increased their target price on Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. UBS Group dropped their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Mizuho dropped their target price on Equinix from $1,069.00 to $900.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. Finally, Guggenheim initiated coverage on Equinix in a research report on Thursday, July 10th. They set a “buy” rating and a $933.00 target price on the stock. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Equinix currently has a consensus rating of “Buy” and a consensus price target of $960.14.

Equinix Stock Up 0.1%

Equinix stock opened at $813.93 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $79.65 billion, a price-to-earnings ratio of 79.72, a PEG ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The business has a fifty day moving average price of $786.53 and a 200-day moving average price of $812.53.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $6.42. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were paid a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is 183.74%.

Insiders Place Their Bets

In related news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director owned 17,832 shares of the company’s stock, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

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.