Short Interest in Jones Lang LaSalle Incorporated (NYSE:JLL) Drops By 6.3%

Jones Lang LaSalle Incorporated (NYSE:JLL) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 620,900 shares, a decrease of 6.3% from the January 15th total of 662,500 shares. Based on an average trading volume of 310,200 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.3% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several equities analysts have commented on JLL shares. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Raymond James raised their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $309.00.

Institutional Trading of Jones Lang LaSalle

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Trust Co. NA grew its stake in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth $34,000. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the 4th quarter worth $35,000. V Square Quantitative Management LLC purchased a new position in shares of Jones Lang LaSalle during the third quarter valued at $37,000. Finally, Principal Securities Inc. raised its holdings in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 110 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 1.3 %

Shares of JLL stock traded up $3.77 on Monday, reaching $283.10. 271,590 shares of the company’s stock were exchanged, compared to its average volume of 305,153. The company’s fifty day simple moving average is $264.98 and its 200 day simple moving average is $262.20. Jones Lang LaSalle has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $13.43 billion, a PE ratio of 28.62 and a beta of 1.36.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.