Angeles Wealth Management LLC Purchases Shares of 299 Equinix, Inc. (NASDAQ:EQIX)

Angeles Wealth Management LLC acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 299 shares of the financial services provider’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC raised its position 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 buying an additional 90 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Equinix by 310.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 616 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 466 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Equinix by 27.5% in the third quarter. Ritholtz Wealth Management now owns 659 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 142 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Equinix in the third quarter valued at about $328,000. Finally, CHICAGO TRUST Co NA lifted its position in shares of Equinix by 7.6% during the third quarter. CHICAGO TRUST Co NA now owns 395 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 28 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on EQIX shares. 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. Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Royal Bank of Canada boosted their price objective on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Evercore ISI raised their target price on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price target on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Equinix currently has an average rating of “Buy” and an average target price of $996.06.

Equinix Price Performance

Equinix stock opened at $943.14 on Tuesday. The firm has a market capitalization of $91.00 billion, a P/E ratio of 85.04, a PEG ratio of 2.23 and a beta of 0.72. Equinix, Inc. has a one year low of $684.14 and a one 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 business has a fifty day moving average price of $938.36 and a 200-day moving average price of $892.05.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the sale, the director now directly owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Keith D. Taylor sold 3,184 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the transaction, the chief financial officer now owns 22,076 shares of the company’s stock, valued at $20,085,186.32. This trade represents a 12.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,801 shares of company stock valued at $15,530,564. Corporate insiders own 0.27% of the company’s stock.

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.