Rhumbline Advisers decreased its position in LG Display Co., Ltd. (NYSE:LPL – Free Report) by 30.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,513 shares of the electronics maker’s stock after selling 155,124 shares during the quarter. Rhumbline Advisers’ holdings in LG Display were worth $1,485,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Natixis Advisors LLC purchased a new position in shares of LG Display during the 2nd quarter valued at approximately $224,000. Drive Wealth Management LLC purchased a new position in shares of LG Display during the 2nd quarter valued at approximately $50,000. Blue Trust Inc. boosted its stake in shares of LG Display by 268.3% during the 2nd quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock valued at $116,000 after buying an additional 20,660 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of LG Display by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after buying an additional 2,363 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of LG Display by 101.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock valued at $55,000 after buying an additional 6,836 shares during the last quarter.
LG Display Stock Performance
Shares of LPL opened at $4.12 on Friday. The business’s fifty day moving average price is $4.07 and its 200 day moving average price is $4.01. LG Display Co., Ltd. has a 12-month low of $3.45 and a 12-month high of $5.66. The stock has a market capitalization of $4.12 billion, a PE ratio of -1.70 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 10th. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. Finally, StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd.
Check Out Our Latest Analysis on LG Display
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.
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