WPP plc (NYSE:WPP) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in WPP plc (NYSE:WPP) by 92.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,247 shares of the business services provider’s stock after acquiring an additional 599 shares during the period. GAMMA Investing LLC’s holdings in WPP were worth $64,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in WPP during the 3rd quarter valued at approximately $84,000. Blue Trust Inc. raised its stake in shares of WPP by 378.4% during the third quarter. Blue Trust Inc. now owns 3,526 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 2,789 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in WPP by 27.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,509 shares of the business services provider’s stock worth $180,000 after purchasing an additional 753 shares during the period. Sanctuary Advisors LLC acquired a new stake in WPP in the second quarter worth about $201,000. Finally, Apollon Wealth Management LLC bought a new stake in WPP during the third quarter worth approximately $203,000. 4.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered WPP from a “buy” rating to a “hold” rating in a research note on Monday, November 18th.

WPP Price Performance

WPP stock opened at $44.01 on Monday. WPP plc has a 12 month low of $43.02 and a 12 month high of $57.37. The firm has a 50 day simple moving average of $52.69 and a 200 day simple moving average of $50.02. The firm has a market cap of $9.50 billion, a PE ratio of 7.48, a P/E/G ratio of 8.03 and a beta of 1.27.

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.