Stratos Wealth Partners LTD. Buys 94 Shares of Equinix, Inc. (NASDAQ:EQIX)

Stratos Wealth Partners LTD. boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,402 shares of the financial services provider’s stock after acquiring an additional 94 shares during the period. Stratos Wealth Partners LTD.’s holdings in Equinix were worth $4,151,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Inspire Trust Co. N.A. grew its position in 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 last quarter. GS Investments Inc. grew 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 worth $2,087,000 after purchasing an additional 12 shares during the last quarter. Ritholtz Wealth Management increased its stake in Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock worth $633,000 after buying an additional 12 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its position in Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the transaction, the chief executive officer now directly owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kurt Pletcher sold 222 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total value of $213,608.40. Following the completion of the transaction, the insider now owns 1,015 shares of the company’s stock, valued at approximately $976,633. The trade was a 17.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,801 shares of company stock worth $15,530,564 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Equinix Trading Up 0.2 %

Shares of NASDAQ:EQIX opened at $938.34 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $90.54 billion, a P/E ratio of 84.61, a P/E/G ratio of 2.18 and a beta of 0.72. The business’s 50-day moving average is $940.14 and its 200 day moving average is $889.47. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a research report on Monday, January 27th. Evercore ISI upped their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. TD Cowen raised their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price objective on shares of Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Truist Financial raised their target price on shares of Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $996.06.

About Equinix

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.