Jones Lang LaSalle (NYSE:JLL) Sees Large Volume Increase – Still a Buy?

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) saw unusually-high trading volume on Thursday . Approximately 790,166 shares traded hands during trading, an increase of 72% from the previous session’s volume of 460,622 shares.The stock last traded at $265.2650 and had previously closed at $303.11.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays started coverage on Jones Lang LaSalle in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday, January 22nd. UBS Group boosted their target price on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $364.17.

Jones Lang LaSalle Trading Up 3.1%

The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $340.58 and its 200 day simple moving average is $315.32. The stock has a market cap of $13.62 billion, a P/E ratio of 22.14 and a beta of 1.42.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total transaction of $31,889.28. Following the transaction, the chief executive officer owned 114,685 shares of the company’s stock, valued at $38,096,063.30. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 20,000 shares of company stock worth $6,609,091 in the last ninety days. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the third quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new position in shares of Jones Lang LaSalle in the 2nd quarter worth $26,000. International Assets Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $29,000. Activest Wealth Management lifted its stake in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in Jones Lang LaSalle during the fourth quarter worth about $35,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.