Childress Capital Advisors LLC Purchases 18 Shares of Equinix, Inc. (NASDAQ:EQIX)

Childress Capital Advisors LLC raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 298 shares of the financial services provider’s stock after purchasing an additional 18 shares during the quarter. Childress Capital Advisors LLC’s holdings in Equinix were worth $281,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC acquired a new stake in shares of Equinix in the 4th quarter worth about $1,705,000. Rice Partnership LLC increased its holdings in Equinix by 10.5% during the 4th quarter. Rice Partnership LLC now owns 5,489 shares of the financial services provider’s stock worth $5,176,000 after purchasing an additional 520 shares in the last quarter. Catalina Capital Group LLC raised its stake in shares of Equinix by 9.1% in the fourth quarter. Catalina Capital Group LLC now owns 359 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 30 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in shares of Equinix by 1.2% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 14,853 shares of the financial services provider’s stock valued at $14,005,000 after purchasing an additional 169 shares in the last quarter. Finally, Horst & Graben Wealth Management LLC purchased a new position in shares of Equinix during the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 0.1 %

Shares of Equinix stock opened at $915.00 on Tuesday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. 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 stock has a market cap of $88.29 billion, a PE ratio of 82.51, a price-to-earnings-growth ratio of 2.18 and a beta of 0.72. The firm has a fifty day moving average price of $943.26 and a 200 day moving average price of $887.33.

Insider Buying and Selling

In other news, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the sale, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction on Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the transaction, the executive vice president now owns 4,893 shares in the company, valued at approximately $4,518,979.08. This trade represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,823 shares of company stock worth $16,474,442. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Scotiabank lifted their price objective on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a report on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Truist Financial increased their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, November 29th. TD Cowen boosted their target price on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus increased their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $997.53.

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.