Fmr LLC Lowers Holdings in Cushman & Wakefield plc (NYSE:CWK)

FMR LLC lessened its stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,095,080 shares of the company's stock after selling 275,378 shares during the quarter. FMR LLC owned approximately 3.09% of Cushman & Wakefield worth $92,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CWK. Wolverine Trading LLC purchased a new stake in Cushman & Wakefield in the 3rd quarter worth $165,000. XTX Topco Ltd grew its position in shares of Cushman & Wakefield by 4.8% during the third quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock valued at $271,000 after purchasing an additional 903 shares in the last quarter. Barclays PLC increased its holdings in shares of Cushman & Wakefield by 322.6% in the third quarter. Barclays PLC now owns 394,327 shares of the company's stock worth $5,374,000 after purchasing an additional 301,017 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Cushman & Wakefield by 7.5% in the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock worth $77,656,000 after buying an additional 395,652 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Cushman & Wakefield by 87.1% during the third quarter. Franklin Resources Inc. now owns 319,718 shares of the company's stock valued at $3,993,000 after buying an additional 148,813 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CWK. JPMorgan Chase & Co. reduced their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. UBS Group decreased their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group lowered their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. Finally, Citigroup decreased their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.75.

Cushman & Wakefield Trading Down 4.5 %

Shares of CWK traded down $0.37 during mid-day trading on Monday, reaching $7.91. 2,043,534 shares of the company's stock traded hands, compared to its average volume of 2,089,557. Cushman & Wakefield plc has a 12 month low of $7.64 and a 12 month high of $16.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The stock has a market cap of $1.82 billion, a P/E ratio of 14.38 and a beta of 1.26. The stock's 50-day moving average is $10.45 and its two-hundred day moving average is $12.54.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.