Machina Capital S.A.S. bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 604 shares of the financial services provider’s stock, valued at approximately $88,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Covestor Ltd increased its position in shares of Jones Lang LaSalle by 61.3% during the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 57 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of Jones Lang LaSalle by 2.5% during the 4th quarter. Kestra Advisory Services LLC now owns 2,677 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 66 shares during the last quarter. Arjuna Capital increased its position in shares of Jones Lang LaSalle by 3.7% during the 4th quarter. Arjuna Capital now owns 2,004 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 72 shares during the last quarter. Profund Advisors LLC increased its position in shares of Jones Lang LaSalle by 3.2% during the 4th quarter. Profund Advisors LLC now owns 2,394 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 74 shares during the last quarter. Finally, Riverview Trust Co increased its position in shares of Jones Lang LaSalle by 39.6% during the 4th quarter. Riverview Trust Co now owns 275 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 78 shares during the last quarter. 93.63% of the stock is owned by institutional investors and hedge funds.
Jones Lang LaSalle Stock Performance
Shares of JLL opened at $160.50 on Tuesday. The stock has a 50-day simple moving average of $146.07 and a 200-day simple moving average of $154.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a market capitalization of $7.67 billion, a PE ratio of 15.72 and a beta of 1.29. Jones Lang LaSalle Incorporated has a 1 year low of $123.00 and a 1 year high of $191.79.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. StockNews.com started coverage on Jones Lang LaSalle in a research report on Thursday, May 18th. They set a “hold” rating for the company. Citigroup lowered their target price on Jones Lang LaSalle from $200.00 to $155.00 and set a “neutral” rating for the company in a report on Tuesday, March 28th. The Goldman Sachs Group lowered their target price on Jones Lang LaSalle from $193.00 to $133.00 and set a “sell” rating for the company in a report on Monday, April 10th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $218.00 target price for the company in a report on Wednesday, March 15th. Finally, TheStreet cut Jones Lang LaSalle from a “b-” rating to a “c” rating in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $201.17.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing, tenant representation, property management, advisory, and consulting services; and capital market services, such as equity and debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.
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