Blue Trust Inc. Trims Stock Holdings in LG Display Co., Ltd. (NYSE:LPL)

Blue Trust Inc. reduced its stake in LG Display Co., Ltd. (NYSE:LPL) by 70.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,901 shares of the electronics maker’s stock after selling 128,490 shares during the period. Blue Trust Inc.’s holdings in LG Display were worth $169,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LPL. QRG Capital Management Inc. acquired a new position in LG Display in the 3rd quarter valued at about $42,000. Wealthstream Advisors Inc. purchased a new stake in LG Display during the third quarter worth approximately $64,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in LG Display by 27.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock valued at $5,270,000 after buying an additional 283,441 shares during the last quarter. FMR LLC lifted its stake in LG Display by 38.9% in the third quarter. FMR LLC now owns 42,861 shares of the electronics maker’s stock valued at $174,000 after buying an additional 12,008 shares during the last quarter. Finally, State Street Corp lifted its stake in LG Display by 1.2% in the third quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock valued at $2,545,000 after buying an additional 7,412 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Citigroup lowered LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th.

LG Display Stock Performance

NYSE LPL opened at $3.45 on Friday. The business’s 50-day moving average price is $3.23 and its 200 day moving average price is $3.58. LG Display Co., Ltd. has a twelve month low of $3.05 and a twelve month high of $4.86. The company has a market capitalization of $3.45 billion, a PE ratio of -1.43 and a beta of 1.33. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03.

LG Display (NYSE:LPL) last issued 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 net margin of 9.42% and a negative return on equity of 28.01%. On average, research analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

LG Display 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.