Rhumbline Advisers raised its holdings in LG Display Co., Ltd. (NYSE:LPL – Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 363,341 shares of the electronics maker’s stock after buying an additional 8,144 shares during the period. Rhumbline Advisers’ holdings in LG Display were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Savant Capital LLC bought a new position in shares of LG Display during the fourth quarter valued at about $38,000. Schechter Investment Advisors LLC increased its position in shares of LG Display by 82.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 36,062 shares of the electronics maker’s stock valued at $111,000 after buying an additional 16,254 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of LG Display during the 4th quarter valued at $428,000. Natural Investments LLC purchased a new stake in LG Display in the fourth quarter valued at approximately $94,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of LG Display by 5.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,371,287 shares of the electronics maker’s stock valued at $4,210,000 after purchasing an additional 70,081 shares during the last quarter.
LG Display Trading Up 1.9%
Shares of LPL stock opened at $3.45 on Friday. LG Display Co., Ltd. has a 1 year low of $2.43 and a 1 year high of $4.86. The firm has a fifty day moving average price of $3.08 and a 200-day moving average price of $3.15. The company has a market cap of $3.45 billion, a price-to-earnings ratio of -1.94, a PEG ratio of 0.51 and a beta of 1.44. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.46.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Bank of America initiated coverage on LG Display in a research report on Thursday, April 24th. They set a “neutral” rating for the company. Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Morgan Stanley raised shares of LG Display from an “underweight” rating to an “equal weight” rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
View Our Latest Stock Analysis on LPL
About LG Display
LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.
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