WPP (NYSE:WPP) Sees Unusually-High Trading Volume

WPP plc (NYSE:WPP) shares saw unusually-high trading volume on Friday . Approximately 110,648 shares changed hands during mid-day trading, a decline of 27% from the previous session’s volume of 151,361 shares.The stock last traded at $47.09 and had previously closed at $47.92.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered WPP from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, WPP currently has a consensus rating of “Hold” and a consensus target price of $46.00.

WPP Trading Down 0.3 %

The company has a 50 day moving average of $50.54 and a 200-day moving average of $48.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98.

Hedge Funds Weigh In On WPP

Several hedge funds have recently bought and sold shares of the company. Natixis Advisors L.P. lifted its stake in WPP by 0.4% during the 3rd quarter. Natixis Advisors L.P. now owns 66,272 shares of the business services provider’s stock worth $2,955,000 after acquiring an additional 268 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in WPP by 3.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 9,259 shares of the business services provider’s stock worth $440,000 after acquiring an additional 273 shares in the last quarter. Truist Financial Corp lifted its stake in WPP by 2.2% during the 4th quarter. Truist Financial Corp now owns 13,717 shares of the business services provider’s stock worth $653,000 after acquiring an additional 292 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in WPP by 0.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 55,701 shares of the business services provider’s stock worth $2,483,000 after acquiring an additional 332 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in WPP by 8.6% during the 4th quarter. Quadrant Capital Group LLC now owns 5,443 shares of the business services provider’s stock worth $259,000 after acquiring an additional 431 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

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.