Coastal Bridge Advisors LLC Takes $818,000 Position in Equinix, Inc. $EQIX

Coastal Bridge Advisors LLC acquired a new position in Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, Holdings Channel reports. The firm acquired 784 shares of the financial services provider’s stock, valued at approximately $818,000.

Several other large investors also recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC raised its position in Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 15 shares during the period. Avion Wealth boosted its stake in shares of Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 11 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Trust Co. of Vermont bought a new stake in shares of Equinix during the 2nd quarter valued at $34,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Equinix in the 4th quarter worth $30,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. UBS Group lifted their target price on Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Scotiabank restated a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a research report on Thursday, July 30th. Royal Bank Of Canada raised their price objective on Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. BTIG Research started coverage on Equinix in a research report on Friday, July 10th. They set a “buy” rating and a $1,210.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,270.00 price objective on shares of Equinix in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average price target of $1,203.40.

Equinix Price Performance

NASDAQ:EQIX opened at $1,076.45 on Friday. The business’s 50-day simple moving average is $1,051.56 and its two-hundred day simple moving average is $1,031.20. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The stock has a market cap of $106.21 billion, a PE ratio of 69.31, a P/E/G ratio of 1.53 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, analysts forecast that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares in the company, valued at $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the sale, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 7,986 shares of company stock worth $8,370,777. Insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.