Key Points
- Insider sale: Jonathan Lin sold 124 shares on Dec. 2 at an average price of $731.18 for about $90,666, reducing his holding by 1.47% to 8,299 shares (≈$6.07M).
- Earnings & guidance: Equinix reported Q recent EPS of $9.83 (beats $9.27 est.) with revenue of $2.32B (slightly below estimates) and set FY2025 EPS guidance of $37.95–$38.77; analysts’ consensus is a "Moderate Buy" with a $961.33 target.
- Valuation & dividend: Shares trade near $733 with a PE of 67.1 and a 52-week range of $701.41–$989.84; the company declared a $4.69 quarterly dividend (2.6% yield) but with a high payout ratio of 171.79%.
Equinix, Inc. (NASDAQ:EQIX - Get Free Report) insider Jonathan Lin sold 124 shares of the business's stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total transaction of $90,666.32. Following the completion of the sale, the insider owned 8,299 shares of the company's stock, valued at approximately $6,068,062.82. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Equinix Price Performance
Shares of NASDAQ:EQIX opened at $732.72 on Thursday. The stock has a market cap of $71.95 billion, a PE ratio of 67.10, a PEG ratio of 1.49 and a beta of 1.05. The company's fifty day moving average is $795.15 and its 200 day moving average is $806.62. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $989.84. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32.
Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results 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. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the business posted $9.05 earnings per share. The company's revenue was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.
Equinix Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, November 19th. Equinix's dividend payout ratio (DPR) is presently 171.79%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its stake in shares of Equinix by 298,148.6% during the 2nd 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 in the last quarter. Norges Bank purchased a new stake in Equinix in the second quarter worth about $892,431,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Equinix by 408.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider's stock worth $929,312,000 after buying an additional 953,001 shares during the period. Nuveen LLC bought a new stake in Equinix during the 1st quarter valued at approximately $662,663,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider's stock worth $2,252,094,000 after acquiring an additional 588,967 shares during the period. 94.94% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the stock an "outperform" rating in a research note on Wednesday, October 22nd. TD Cowen lifted their target price on shares of Equinix from $993.00 to $995.00 and gave the stock a "buy" rating in a research note on Thursday, October 30th. Citigroup reissued a "market outperform" rating on shares of Equinix in a research report on Tuesday, November 4th. BMO Capital Markets upgraded shares of Equinix from a "market perform" rating to an "outperform" rating and set a $900.00 price objective on the stock in a research report on Wednesday. Finally, Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $961.33.
Get Our Latest Stock Analysis on Equinix
About Equinix
(
Get Free Report)
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.
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