Ethic Inc. Acquires 143,002 Shares of LG Display Co., Ltd. $LPL

Ethic Inc. grew its stake in shares of LG Display Co., Ltd. (NYSE:LPL) by 55.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 402,675 shares of the electronics maker’s stock after buying an additional 143,002 shares during the quarter. Ethic Inc.’s holdings in LG Display were worth $2,102,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. American Century Companies Inc. increased its holdings in LG Display by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after purchasing an additional 161,409 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of LG Display by 323.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 175,947 shares of the electronics maker’s stock worth $602,000 after purchasing an additional 134,432 shares during the period. Vident Advisory LLC boosted its stake in LG Display by 46.2% in the first quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker’s stock valued at $1,220,000 after acquiring an additional 123,994 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in LG Display by 46.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 258,161 shares of the electronics maker’s stock valued at $883,000 after purchasing an additional 82,207 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of LG Display by 32.9% during the 2nd quarter. Corient Private Wealth LLC now owns 180,700 shares of the electronics maker’s stock worth $618,000 after acquiring an additional 44,742 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a research report on Wednesday, October 8th. Wall Street Zen raised shares of LG Display from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, UBS Group upgraded LG Display from a “sell” rating to a “neutral” rating in a research report on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

LG Display Trading Down 0.7%

LPL opened at $4.19 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. LG Display Co., Ltd. has a one year low of $2.43 and a one year high of $5.67. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of -9.98, a PEG ratio of 0.26 and a beta of 1.50. The business has a 50 day simple moving average of $4.44 and a two-hundred day simple moving average of $4.33.

LG Display (NYSE:LPL) last announced its earnings results on Friday, November 14th. The electronics maker reported ($0.01) earnings per share for the quarter. The company had revenue of $4.95 billion for the quarter. LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. Analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current year.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.