Hazelview Securities Inc. Sells 6,449 Shares of Equinix, Inc. $EQIX

Hazelview Securities Inc. reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 11.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,525 shares of the financial services provider’s stock after selling 6,449 shares during the quarter. Equinix accounts for 6.7% of Hazelview Securities Inc.’s portfolio, making the stock its 4th largest position. Hazelview Securities Inc.’s holdings in Equinix were worth $38,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 17 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Equinix by 190.9% during 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 in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Equinix in the 2nd quarter valued at approximately $26,000. Bank of Jackson Hole Trust lifted its stake in Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in Equinix during the 2nd quarter worth approximately $28,000. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EQIX shares. BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price target for the company in a research note on Wednesday, December 3rd. Truist Financial raised their target price on shares of Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Barclays increased their price objective on shares of Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Finally, Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Four research 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $958.15.

Insider Transactions at Equinix

In related news, EVP Raouf Abdel sold 159 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total value of $116,259.21. Following the sale, the executive vice president owned 6,584 shares in the company, valued at approximately $4,814,154.96. This represents a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Lin sold 124 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total value of $90,666.32. Following the sale, the insider directly owned 8,299 shares of the company’s stock, valued at $6,068,062.82. This represents a 1.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 8,704 shares of company stock valued at $6,617,748. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ EQIX opened at $750.32 on Friday. The firm has a market capitalization of $73.67 billion, a P/E ratio of 68.71, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. The firm’s fifty day moving average price is $789.62 and its two-hundred day moving average price is $800.89. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $982.98.

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

Equinix Dividend Announcement

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