JPMorgan Chase & Co. Trims Stock Holdings in LG Display Co., Ltd. (NYSE:LPL)

JPMorgan Chase & Co. decreased its holdings in LG Display Co., Ltd. (NYSE:LPL) by 41.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,293 shares of the electronics maker’s stock after selling 100,383 shares during the period. JPMorgan Chase & Co.’s holdings in LG Display were worth $576,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. QRG Capital Management Inc. purchased a new position in LG Display during the third quarter valued at approximately $42,000. Wealthstream Advisors Inc. purchased a new position in LG Display during the third quarter valued at approximately $64,000. Coldstream Capital Management Inc. grew its stake in LG Display by 34.5% during the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock valued at $88,000 after acquiring an additional 5,588 shares in the last quarter. XTX Topco Ltd grew its stake in LG Display by 130.6% during the second quarter. XTX Topco Ltd now owns 28,199 shares of the electronics maker’s stock valued at $116,000 after acquiring an additional 15,968 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in LG Display by 341.1% during the second quarter. Cubist Systematic Strategies LLC now owns 31,668 shares of the electronics maker’s stock valued at $130,000 after acquiring an additional 24,488 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LPL shares. Citigroup lowered shares of LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th. StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd.

LG Display Trading Down 1.7 %

Shares of LPL opened at $3.20 on Tuesday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of -1.33 and a beta of 1.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.43 and a current ratio of 0.65. LG Display Co., Ltd. has a fifty-two week low of $3.05 and a fifty-two week high of $4.86. The firm has a 50 day moving average price of $3.27 and a 200-day moving average price of $3.72.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.67). LG Display had a negative return on equity of 28.01% and a negative net margin of 9.42%. As a group, equities research analysts forecast that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

LG Display Company Profile

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.