Jones Lang LaSalle (NYSE:JLL) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Jones Lang LaSalle Incorporated (NYSE:JLL)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $324.45 and traded as high as $337.57. Jones Lang LaSalle shares last traded at $331.9220, with a volume of 1,098,398 shares trading hands.

Analyst Upgrades and Downgrades

JLL has been the topic of several analyst reports. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Citigroup restated a “market perform” rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Keefe, Bruyette & Woods dropped their target price on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Finally, Barclays upped their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average target price of $427.60.

Jones Lang LaSalle Stock Performance

The company has a quick ratio of 2.40, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $331.39 and its two-hundred day moving average is $324.51. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 15.56 and a beta of 1.30.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.76 EPS for the quarter, beating analysts’ consensus estimates of $6.15 by $0.61. Jones Lang LaSalle had a net margin of 3.89% and a return on equity of 15.05%. The firm had revenue of $7.28 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter last year, the company posted $4.50 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts predict that Jones Lang LaSalle Incorporated will post 25.22 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,000 shares of company stock valued at $2,271,060. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Jones Lang LaSalle during the second quarter worth approximately $1,446,414,000. Artemis Investment Management LLP raised its holdings in Jones Lang LaSalle by 23.2% in the 3rd quarter. Artemis Investment Management LLP now owns 460,389 shares of the financial services provider’s stock valued at $140,658,000 after acquiring an additional 86,563 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Jones Lang LaSalle by 279.6% during the 1st quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock valued at $130,683,000 after acquiring an additional 316,299 shares during the period. Bank of America Corp DE lifted its position in shares of Jones Lang LaSalle by 1.3% during the 1st quarter. Bank of America Corp DE now owns 303,446 shares of the financial services provider’s stock valued at $92,345,000 after acquiring an additional 3,985 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $87,669,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.