Equinix, Inc. (EQIX) CEO Stephen M. Smith Sells 10,706 Shares

Equinix, Inc. (NASDAQ:EQIX) CEO Stephen M. Smith sold 10,706 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $443.10, for a total value of $4,743,828.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Equinix, Inc. (EQIX) traded down $4.45 on Friday, reaching $437.45. The company’s stock had a trading volume of 807,300 shares, compared to its average volume of 618,467. The firm has a market cap of $34,220.00, a P/E ratio of 142.03, a P/E/G ratio of 1.53 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. Equinix, Inc. has a 12 month low of $361.90 and a 12 month high of $495.35.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, topping the consensus estimate of $1.39 by $2.24. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $3.95 EPS. analysts predict that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation grew its position in Equinix by 2,550.0% during the 3rd quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 255 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Equinix during the 2nd quarter valued at about $127,000. Amica Retiree Medical Trust acquired a new stake in shares of Equinix during the 3rd quarter valued at about $188,000. Commerce Bank acquired a new stake in shares of Equinix during the 3rd quarter valued at about $203,000. Finally, Ithaka Group LLC acquired a new stake in shares of Equinix during the 3rd quarter valued at about $223,000. 94.17% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on EQIX shares. Cowen reissued a “buy” rating and issued a $482.00 target price on shares of Equinix in a research report on Friday, November 10th. Barclays raised Equinix from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $475.00 to $505.00 in a research report on Wednesday, October 18th. Credit Suisse Group set a $515.00 target price on Equinix and gave the company a “buy” rating in a research report on Monday, December 18th. UBS Group started coverage on Equinix in a research report on Wednesday, October 18th. They issued a “neutral” rating on the stock. Finally, Oppenheimer upped their target price on Equinix to $525.00 and gave the company an “outperform” rating in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the stock. Equinix has an average rating of “Buy” and a consensus price target of $504.00.

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Equinix Company Profile

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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