Cushman & Wakefield PLC (NYSE:CWK) Shares Sold by KBC Group NV

KBC Group NV cut its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 94.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,668 shares of the company's stock after selling 197,621 shares during the period. KBC Group NV's holdings in Cushman & Wakefield were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in shares of Cushman & Wakefield by 264.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after buying an additional 2,691 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after buying an additional 6,431 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Cushman & Wakefield by 143.9% during the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock valued at $146,000 after buying an additional 6,600 shares during the last quarter. RiverPark Advisors LLC bought a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $150,000. Finally, AXQ Capital LP bought a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $169,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CWK. JPMorgan Chase & Co. cut their target price 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 increased their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group dropped their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the stock an "overweight" rating in a report on Thursday, June 12th. Finally, Citigroup lowered their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Cushman & Wakefield presently has an average rating of "Hold" and a consensus target price of $13.43.

Cushman & Wakefield Stock Performance

CWK stock traded down $0.13 during midday trading on Tuesday, reaching $11.47. The stock had a trading volume of 2,625,615 shares, compared to its average volume of 2,015,849. The stock has a market cap of $2.65 billion, a PE ratio of 16.62 and a beta of 1.43. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a fifty day simple moving average of $10.43 and a two-hundred day simple moving average of $11.08. Cushman & Wakefield PLC has a 52-week low of $7.64 and a 52-week high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current 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.