Jones Lang LaSalle Incorporated (NYSE:JLL) Short Interest Down 6.3% in January

Jones Lang LaSalle Incorporated (NYSE:JLL) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 620,900 shares, a decline of 6.3% from the January 15th total of 662,500 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 310,200 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analyst Weigh In

JLL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Raymond James raised their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock 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 note on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. 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 note on Monday, December 16th. Finally, Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $281.09 on Wednesday. Jones Lang LaSalle has a twelve month low of $171.45 and a twelve month 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 fifty day simple moving average of $265.23 and a two-hundred day simple moving average of $262.50. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 28.42 and a beta of 1.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JLL. CSS LLC IL raised its holdings in shares of Jones Lang LaSalle by 6.9% in the 4th quarter. CSS LLC IL now owns 2,780 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 180 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Jones Lang LaSalle by 33.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,111 shares of the financial services provider’s stock worth $51,162,000 after buying an additional 50,844 shares during the period. Vident Advisory LLC boosted its position in Jones Lang LaSalle by 5.4% during the 4th quarter. Vident Advisory LLC now owns 13,567 shares of the financial services provider’s stock valued at $3,435,000 after acquiring an additional 696 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $590,000. Finally, Tidal Investments LLC lifted its stake in shares of Jones Lang LaSalle by 4.7% during the 4th quarter. Tidal Investments LLC now owns 846 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 38 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

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.