WPP plc (NYSE:WPP) Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC decreased its stake in WPP plc (NYSE:WPP) by 99.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 723 shares of the business services provider’s stock after selling 120,900 shares during the period. Paradigm Asset Management Co. LLC’s holdings in WPP were worth $37,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in WPP in the 3rd quarter valued at $1,479,000. Sanctuary Advisors LLC raised its position in WPP by 45.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,397 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 2,007 shares during the last quarter. GAMMA Investing LLC raised its position in WPP by 92.4% in the 4th quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 599 shares during the last quarter. HighTower Advisors LLC raised its position in WPP by 22.5% in the 3rd quarter. HighTower Advisors LLC now owns 19,658 shares of the business services provider’s stock valued at $1,001,000 after purchasing an additional 3,615 shares during the last quarter. Finally, Stifel Financial Corp raised its position in WPP by 67.6% in the 3rd quarter. Stifel Financial Corp now owns 55,963 shares of the business services provider’s stock valued at $2,863,000 after purchasing an additional 22,578 shares during the last quarter. Hedge funds and other institutional investors own 4.34% of the company’s stock.

WPP Stock Down 0.3 %

Shares of WPP opened at $47.48 on Friday. The company has a 50-day simple moving average of $48.50 and a 200-day simple moving average of $49.93. The company has a market capitalization of $10.24 billion, a PE ratio of 7.95, a P/E/G ratio of 7.06 and a beta of 1.25. WPP plc has a 52-week low of $43.02 and a 52-week high of $57.37.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Kepler Capital Markets upgraded shares of WPP from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. StockNews.com downgraded shares of WPP from a “buy” rating to a “hold” rating in a research report on Monday, November 18th.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.