Angeles Wealth Management LLC Acquires New Shares in Equinix, Inc. (NASDAQ:EQIX)

Angeles Wealth Management LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 299 shares of the financial services provider’s stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. CWM LLC lifted its stake in Equinix by 5.6% in the 3rd quarter. CWM LLC now owns 1,702 shares of the financial services provider’s stock valued at $1,511,000 after purchasing an additional 90 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Equinix by 310.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 616 shares of the financial services provider’s stock worth $547,000 after buying an additional 466 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Equinix by 27.5% in the 3rd quarter. Ritholtz Wealth Management now owns 659 shares of the financial services provider’s stock valued at $585,000 after acquiring an additional 142 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Equinix during the 3rd quarter valued at $328,000. Finally, CHICAGO TRUST Co NA grew its position in Equinix by 7.6% during the 3rd quarter. CHICAGO TRUST Co NA now owns 395 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $943.14 on Tuesday. The firm has a market capitalization of $91.00 billion, a P/E ratio of 85.04, a P/E/G ratio of 2.23 and a beta of 0.72. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a fifty day moving average of $938.36 and a 200-day moving average of $892.05. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Insider Buying and Selling at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 1,331 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the transaction, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. The trade was a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,801 shares of company stock valued at $15,530,564. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EQIX shares. Wells Fargo & Company dropped their target price on Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Scotiabank lifted their target price on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research report on Thursday, January 23rd. Stifel Nicolaus upped their price target on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Barclays boosted their price objective on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Equinix currently has a consensus rating of “Buy” and a consensus target price of $996.06.

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.