Checchi Capital Advisers LLC Cuts Stock Holdings in Equinix, Inc. $EQIX

Checchi Capital Advisers LLC reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,436 shares of the financial services provider’s stock after selling 78 shares during the period. Checchi Capital Advisers LLC’s holdings in Equinix were worth $1,142,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management raised its holdings in Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 17 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Equinix during the first quarter worth about $30,000. Atticus Wealth Management LLC purchased a new position in Equinix during the second quarter worth about $29,000. Saudi Central Bank purchased a new position in Equinix in the first quarter valued at about $31,000. Finally, Quarry LP acquired a new stake in shares of Equinix during the 1st quarter valued at approximately $31,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Up 0.8%

Shares of EQIX opened at $778.74 on Monday. The firm has a market cap of $76.21 billion, a PE ratio of 76.27, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The company’s fifty day moving average is $782.18 and its two-hundred day moving average is $813.94. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix’s payout ratio is presently 183.74%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EQIX. Truist Financial lifted their price target on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. BMO Capital Markets downgraded shares of Equinix from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. The Goldman Sachs Group reduced their price target on shares of Equinix from $1,020.00 to $880.00 and set a “buy” rating for the company in a research report on Wednesday, July 2nd. Cowen reiterated a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. Finally, Cfra Research downgraded shares of Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $960.65.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. 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.