B&I Capital AG Sells 1,392 Shares of Equinix, Inc. $EQIX

B&I Capital AG cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,890 shares of the financial services provider’s stock after selling 1,392 shares during the period. Equinix makes up 6.5% of B&I Capital AG’s investment portfolio, making the stock its 4th biggest holding. B&I Capital AG’s holdings in Equinix were worth $18,712,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Everhart Financial Group Inc. acquired a new position in shares of Equinix during the 3rd quarter valued at about $230,000. Howard Capital Management Inc. grew its holdings in Equinix by 2.3% during the third quarter. Howard Capital Management Inc. now owns 664 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 15 shares during the last quarter. National Pension Service raised its position in shares of Equinix by 1.5% in the third quarter. National Pension Service now owns 298,456 shares of the financial services provider’s stock valued at $233,763,000 after purchasing an additional 4,349 shares during the period. Welch & Forbes LLC lifted its stake in shares of Equinix by 19.3% in the third quarter. Welch & Forbes LLC now owns 24,414 shares of the financial services provider’s stock worth $19,122,000 after buying an additional 3,944 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Equinix by 54.0% during the 3rd quarter. AlphaQuest LLC now owns 553 shares of the financial services provider’s stock worth $433,000 after buying an additional 194 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 927 shares of Equinix stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $801.78, for a total transaction of $743,250.06. Following the sale, the executive vice president directly owned 7,337 shares of the company’s stock, valued at approximately $5,882,659.86. The trade was a 11.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 1,333 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $804.25, for a total value of $1,072,065.25. Following the completion of the sale, the insider directly owned 9,551 shares in the company, valued at approximately $7,681,391.75. This represents a 12.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 19,590 shares of company stock valued at $15,366,046. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on EQIX shares. Daiwa Capital Markets set a $917.00 target price on shares of Equinix and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. BMO Capital Markets raised Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price objective for the company in a research report on Wednesday, December 3rd. Barclays reaffirmed a “positive” rating and issued a $870.00 target price on shares of Equinix in a report on Tuesday, January 13th. Scotiabank cut their price target on Equinix from $965.00 to $959.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and a consensus target price of $959.64.

Equinix Stock Down 0.6%

EQIX opened at $820.93 on Friday. The company has a market capitalization of $80.61 billion, a P/E ratio of 75.18, a P/E/G ratio of 1.29 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. The firm’s fifty day moving average price is $769.84 and its two-hundred day moving average price is $784.68. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $953.41.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company posted $9.05 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Company 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.