XTX Topco Ltd boosted its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 351.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,785 shares of the company's stock after buying an additional 55,121 shares during the quarter. XTX Topco Ltd's holdings in Cushman & Wakefield were worth $723,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Cushman & Wakefield by 2.6% during the first quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company's stock worth $13,367,000 after purchasing an additional 32,795 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Cushman & Wakefield by 2.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company's stock worth $5,972,000 after purchasing an additional 11,247 shares during the period. Crossmark Global Holdings Inc. bought a new position in Cushman & Wakefield during the first quarter worth about $333,000. Deutsche Bank AG boosted its position in Cushman & Wakefield by 58.0% during the fourth quarter. Deutsche Bank AG now owns 206,164 shares of the company's stock worth $2,697,000 after purchasing an additional 75,693 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Cushman & Wakefield in the first quarter worth about $450,000. Institutional investors own 95.56% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on CWK shares. JMP Securities started coverage on shares of Cushman & Wakefield in a report on Monday, July 21st. They issued a "market outperform" rating and a $15.00 price target on the stock. Wall Street Zen downgraded shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Morgan Stanley set a $14.50 target price on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. lowered their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group raised their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $13.50.
Get Our Latest Analysis on CWK
Cushman & Wakefield Trading Up 3.5%
CWK stock opened at $12.35 on Tuesday. The company has a market capitalization of $2.86 billion, a PE ratio of 17.89 and a beta of 1.50. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $16.11. The company's 50 day moving average price is $11.09 and its two-hundred day moving average price is $10.93. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18.
About Cushman & Wakefield
(
Free Report)
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.
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