Short Interest in Jones Lang LaSalle Incorporated (NYSE:JLL) Increases By 14.1%

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 696,200 shares, an increase of 14.1% from the December 15th total of 610,300 shares. Based on an average trading volume of 299,300 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after purchasing an additional 459,466 shares in the last quarter. State Street Corp boosted its holdings in Jones Lang LaSalle by 0.4% during the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock worth $384,164,000 after buying an additional 6,304 shares in the last quarter. Wellington Management Group LLP grew its position in Jones Lang LaSalle by 6.3% in the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock worth $242,641,000 after buying an additional 53,066 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Jones Lang LaSalle by 0.3% in the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider's stock valued at $241,165,000 after buying an additional 3,109 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in shares of Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock worth $99,791,000 after acquiring an additional 62,700 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 0.8 %

Jones Lang LaSalle stock opened at $261.62 on Friday. The company's 50-day moving average price is $262.20 and its two-hundred day moving average price is $254.35. The stock has a market cap of $12.41 billion, a price-to-earnings ratio of 26.45 and a beta of 1.36. Jones Lang LaSalle has a 52 week low of $168.13 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.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the firm posted $2.01 earnings per share. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, analysts expect that Jones Lang LaSalle will post 13.6 EPS for the current fiscal year.

Analysts Set New Price Targets

JLL has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a "buy" rating and a $352.00 target price for the company. JPMorgan Chase & Co. increased their target price 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. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target for the company in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $301.57.

About Jones Lang LaSalle

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.