Harel Insurance Investments & Financial Services Ltd. reduced its position in shares of Equinix Inc (NASDAQ:EQIX) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 397 shares of the financial services provider’s stock after selling 48 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Equinix were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tarbox Family Office Inc. boosted its position in Equinix by 181.3% during the 3rd quarter. Tarbox Family Office Inc. now owns 45 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 29 shares in the last quarter. Savior LLC bought a new stake in Equinix during the 4th quarter valued at $32,000. North Star Investment Management Corp. bought a new stake in Equinix during the 3rd quarter valued at $40,000. Baystate Wealth Management LLC boosted its position in Equinix by 91.9% during the 3rd quarter. Baystate Wealth Management LLC now owns 71 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 34 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in Equinix by 108.1% during the 3rd quarter. Synovus Financial Corp now owns 77 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 99.02% of the company’s stock.
In other Equinix news, insider Brandi Galvin Morandi sold 589 shares of Equinix stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $560.67, for a total transaction of $330,234.63. Following the completion of the sale, the insider now owns 15,904 shares of the company’s stock, valued at approximately $8,916,895.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles J. Meyers sold 5,562 shares of Equinix stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $592.53, for a total value of $3,295,651.86. Following the sale, the chief executive officer now directly owns 8,567 shares of the company’s stock, valued at approximately $5,076,204.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,998 shares of company stock valued at $10,621,400. 0.49% of the stock is currently owned by insiders.
Equinix stock opened at $596.01 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $47.85 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.96 and a beta of 0.66. Equinix Inc has a 1-year low of $357.35 and a 1-year high of $609.97. The business has a fifty day moving average price of $577.06 and a 200-day moving average price of $555.44.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.41 EPS for the quarter, missing the Zacks’ consensus estimate of $4.96 by ($3.55). Equinix had a return on equity of 5.94% and a net margin of 9.03%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm posted $1.55 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that Equinix Inc will post 20.63 earnings per share for the current fiscal year.
Several analysts have issued reports on the company. Nomura increased their target price on Equinix from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Morgan Stanley increased their target price on Equinix from $510.00 to $520.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $620.00 target price on shares of Equinix in a research report on Thursday, November 14th. ValuEngine cut Equinix from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $620.00 price objective (up previously from $545.00) on shares of Equinix in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $574.56.
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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