Cushman & Wakefield plc (NYSE:CWK) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,793,914 shares of the company’s stock after selling 108,649 shares during the period. Goldman Sachs Group Inc. owned approximately 0.79% of Cushman & Wakefield worth $19,374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CWK. Vanguard Group Inc. increased its stake in shares of Cushman & Wakefield by 2.6% during the third quarter. Vanguard Group Inc. now owns 26,579,988 shares of the company’s stock valued at $202,540,000 after acquiring an additional 665,070 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Cushman & Wakefield by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,073,848 shares of the company’s stock worth $76,400,000 after buying an additional 825,570 shares in the last quarter. Rush Island Management LP lifted its holdings in shares of Cushman & Wakefield by 4.3% in the third quarter. Rush Island Management LP now owns 3,583,597 shares of the company’s stock valued at $27,307,000 after buying an additional 146,820 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cushman & Wakefield by 19.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,911,069 shares of the company’s stock valued at $31,440,000 after buying an additional 482,235 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Cushman & Wakefield by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,782,908 shares of the company’s stock valued at $30,055,000 after buying an additional 15,626 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CWK shares. Wolfe Research restated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. JPMorgan Chase & Co. upped their price objective on Cushman & Wakefield from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, June 21st. Raymond James lowered Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group started coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.58.

Insider Activity at Cushman & Wakefield

In related news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $11.00, for a total transaction of $188,078,011.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.01% of the stock is owned by insiders.

Cushman & Wakefield Trading Down 0.7 %

Shares of NYSE CWK opened at $10.26 on Thursday. Cushman & Wakefield plc has a 12 month low of $6.24 and a 12 month high of $11.83. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 256.38 and a beta of 1.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.89. The business has a fifty day simple moving average of $10.41 and a 200-day simple moving average of $10.26.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.