Investors sold shares of Equinix Inc (NASDAQ:EQIX) on strength during trading on Tuesday. $35.14 million flowed into the stock on the tick-up and $77.56 million flowed out of the stock on the tick-down, for a money net flow of $42.42 million out of the stock. Of all stocks tracked, Equinix had the 29th highest net out-flow for the day. Equinix traded up $0.50 for the day and closed at $395.79
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Equinix from a “sell” rating to a “hold” rating in a research note on Tuesday. Berenberg Bank assumed coverage on shares of Equinix in a research note on Tuesday, January 8th. They set a “buy” rating and a $477.00 price objective on the stock. BidaskClub downgraded shares of Equinix from a “buy” rating to a “hold” rating in a research note on Thursday, December 27th. Jefferies Financial Group raised shares of Equinix from a “hold” rating to a “buy” rating and upped their price objective for the company from $454.00 to $479.00 in a research note on Monday, December 10th. Finally, ValuEngine downgraded shares of Equinix from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $498.13.
The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $31.78 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.38 and a beta of 0.87.
Hedge funds have recently modified their holdings of the company. IFM Investors Pty Ltd raised its stake in shares of Equinix by 16.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 4,153 shares of the financial services provider’s stock valued at $1,798,000 after acquiring an additional 597 shares during the period. Calamos Wealth Management LLC purchased a new position in shares of Equinix in the 4th quarter valued at $2,266,000. Oppenheimer & Co. Inc. purchased a new position in shares of Equinix in the 3rd quarter valued at $709,000. Huntington National Bank raised its stake in shares of Equinix by 20.8% in the 4th quarter. Huntington National Bank now owns 20,224 shares of the financial services provider’s stock valued at $7,131,000 after acquiring an additional 3,478 shares during the period. Finally, Albion Financial Group UT raised its stake in shares of Equinix by 4.2% in the 3rd quarter. Albion Financial Group UT now owns 1,337 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 54 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.
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About Equinix (NASDAQ:EQIX)
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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