Alpine Woods Capital Investors LLC Has $6.93 Million Stock Holdings in Equinix, Inc. $EQIX

Alpine Woods Capital Investors LLC trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,847 shares of the financial services provider’s stock after selling 1,386 shares during the period. Equinix makes up approximately 1.6% of Alpine Woods Capital Investors LLC’s holdings, making the stock its 13th largest holding. Alpine Woods Capital Investors LLC’s holdings in Equinix were worth $6,929,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Activest Wealth Management increased its position in shares of Equinix by 121.4% during 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 during the period. Westside Investment Management Inc. boosted its stake in 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 bought a new stake in Equinix in the 2nd quarter valued at $26,000. Bank of Jackson Hole Trust increased its holdings 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 buying an additional 14 shares during the period. Finally, Abound Wealth Management raised its stake in shares of Equinix by 209.1% in the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EQIX. Morgan Stanley started coverage on shares of Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 target price on the stock. TD Cowen lifted their price objective on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. The Goldman Sachs Group cut Equinix from a “buy” rating to a “neutral” rating and set a $795.00 target price for the company. in a report on Thursday, December 18th. Finally, Truist Financial boosted their price target on Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $953.90.

Insider Buying and Selling

In other news, insider Jonathan Lin sold 124 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total transaction of $90,666.32. Following the transaction, the insider directly owned 8,299 shares in the company, valued at approximately $6,068,062.82. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles J. Meyers sold 5,087 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the sale, the chairman directly owned 10,426 shares in the company, valued at $8,116,328.22. This trade represents a 32.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 8,704 shares of company stock valued at $6,617,748. Insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.3%

NASDAQ EQIX opened at $757.54 on Thursday. The stock’s 50 day simple moving average is $781.82 and its 200 day simple moving average is $792.43. Equinix, Inc. has a one year low of $701.41 and a one year high of $964.73. The firm has a market cap of $74.38 billion, a PE ratio of 69.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62.

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

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is presently 171.79%.

About Equinix

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.