Courier Capital LLC Sells 918 Shares of Equinix, Inc. (NASDAQ:EQIX)

Courier Capital LLC reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 26.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,585 shares of the financial services provider’s stock after selling 918 shares during the period. Courier Capital LLC’s holdings in Equinix were worth $2,437,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Inspire Trust Co. N.A. increased its position in shares of Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after acquiring an additional 11 shares during the period. GS Investments Inc. increased its holdings in shares of Equinix by 0.5% in the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock valued at $2,087,000 after purchasing an additional 12 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the period. Finally, Grove Bank & Trust boosted its position in Equinix by 8.1% in the third quarter. Grove Bank & Trust now owns 186 shares of the financial services provider’s stock valued at $165,000 after buying an additional 14 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 863 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $915.00, for a total transaction of $789,645.00. Following the sale, the insider now owns 8,231 shares of the company’s stock, valued at approximately $7,531,365. This represents a 9.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the transaction, the executive vice president now owns 4,893 shares of the company’s stock, valued at $4,518,979.08. This trade represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,398 shares of company stock valued at $7,906,218 in the last three months. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several research reports. Scotiabank lifted their price objective on shares of Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 31st. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Barclays lifted their price objective on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Royal Bank of Canada upped their target price on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, TD Cowen lifted their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $976.81.

Equinix Price Performance

Shares of NASDAQ:EQIX traded down $0.18 during trading on Monday, reaching $899.65. The stock had a trading volume of 403,391 shares, compared to its average volume of 470,919. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The stock has a market cap of $86.81 billion, a PE ratio of 81.12, a PEG ratio of 2.48 and a beta of 0.73. The business has a fifty day moving average price of $941.47 and a 200-day moving average price of $872.25.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were paid a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Equinix Company Profile

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.