Highbridge Capital Management LLC Sells 84,200 Shares of LG Display Co Ltd. (LPL)

Highbridge Capital Management LLC cut its holdings in LG Display Co Ltd. (NYSE:LPL) by 29.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,000 shares of the electronics maker’s stock after selling 84,200 shares during the quarter. Highbridge Capital Management LLC’s holdings in LG Display were worth $1,734,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC increased its position in LG Display by 466.3% in the 3rd quarter. Hsbc Holdings PLC now owns 70,147 shares of the electronics maker’s stock valued at $607,000 after acquiring an additional 57,761 shares during the period. Schroder Investment Management Group increased its position in LG Display by 35.2% in the 3rd quarter. Schroder Investment Management Group now owns 186,048 shares of the electronics maker’s stock valued at $1,613,000 after acquiring an additional 48,426 shares during the period. BlackRock Inc. increased its position in LG Display by 344.0% in the 3rd quarter. BlackRock Inc. now owns 187,133 shares of the electronics maker’s stock valued at $1,622,000 after acquiring an additional 144,982 shares during the period. AGF Investments Inc. increased its position in LG Display by 123.3% in the 3rd quarter. AGF Investments Inc. now owns 201,992 shares of the electronics maker’s stock valued at $1,751,000 after acquiring an additional 111,531 shares during the period. Finally, Regal Investment Advisors LLC increased its position in LG Display by 48.5% in the 3rd quarter. Regal Investment Advisors LLC now owns 22,096 shares of the electronics maker’s stock valued at $192,000 after acquiring an additional 7,213 shares during the period. 2.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE LPL opened at $7.48 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. LG Display Co Ltd. has a 52-week low of $6.75 and a 52-week high of $15.88. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 44.94 and a beta of 1.06.

LPL has been the subject of several recent research reports. Zacks Investment Research upgraded shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Citigroup initiated coverage on shares of LG Display in a research report on Thursday. They issued a “buy” rating for the company. Finally, CLSA cut shares of LG Display from an “outperform” rating to an “underperform” rating in a research report on Wednesday, October 24th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.00.

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LG Display Profile

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

Read More: Cost of Capital Explained

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Institutional Ownership by Quarter for LG Display (NYSE:LPL)

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