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

Courier Capital LLC reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 26.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,585 shares of the financial services provider’s stock after selling 918 shares during the quarter. Courier Capital LLC’s holdings in Equinix were worth $2,437,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EQIX. Miracle Mile Advisors LLC lifted its position in Equinix by 43.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 12,575 shares of the financial services provider’s stock valued at $11,856,000 after purchasing an additional 3,839 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Equinix during the 4th quarter valued at about $58,000. Bar Harbor Wealth Management grew its stake in shares of Equinix by 8.0% during the 4th quarter. Bar Harbor Wealth Management now owns 3,823 shares of the financial services provider’s stock valued at $3,605,000 after acquiring an additional 284 shares during the period. Sivia Capital Partners LLC purchased a new stake in Equinix in the 4th quarter worth approximately $209,000. Finally, Wedmont Private Capital raised its stake in Equinix by 7.3% during the 4th quarter. Wedmont Private Capital now owns 1,032 shares of the financial services provider’s stock worth $928,000 after acquiring an additional 70 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Trading Down 0.0 %

EQIX stock traded down $0.18 during mid-day trading on Monday, reaching $899.65. 403,391 shares of the stock traded hands, compared to its average volume of 470,919. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The business has a 50-day moving average price of $941.47 and a two-hundred day moving average price of $872.25. The stock has a market capitalization of $86.81 billion, a PE ratio of 81.12, a PEG ratio of 2.48 and a beta of 0.73.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were issued a $4.26 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.89%. Equinix’s payout ratio is 153.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cfra reissued a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. Royal Bank of Canada upped their price objective on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Stifel Nicolaus lifted their target price on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays upped their price target on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $976.81.

Insider Buying and Selling

In related news, 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 transaction, the executive vice president now directly owns 4,893 shares of the company’s stock, valued at $4,518,979.08. This trade represents a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly owns 3,069 shares of the company’s stock, valued at $2,951,211.78. This trade represents a 49.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,398 shares of company stock valued at $7,906,218. Insiders own 0.27% of the company’s stock.

Equinix 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.