MQS Management LLC Purchases New Stake in LG Display Co., Ltd. (NYSE:LPL)

MQS Management LLC acquired a new position in shares of LG Display Co., Ltd. (NYSE:LPL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,867 shares of the electronics maker’s stock, valued at approximately $61,000.

A number of other hedge funds have also recently added to or reduced their stakes in LPL. GAMMA Investing LLC raised its holdings in shares of LG Display by 45.9% during the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 2,363 shares during the period. Sunbelt Securities Inc. bought a new position in LG Display in the first quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its stake in LG Display by 307.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,756 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 5,098 shares during the period. HB Wealth Management LLC bought a new position in shares of LG Display during the first quarter valued at approximately $46,000. Finally, Drive Wealth Management LLC acquired a new stake in shares of LG Display during the 2nd quarter worth approximately $50,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LPL. StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised shares of LG Display from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 10th. Finally, Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

LG Display Stock Performance

LPL opened at $4.12 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average is $4.07 and its 200-day moving average is $4.01. The stock has a market cap of $4.12 billion, a PE ratio of -1.70 and a beta of 1.37. LG Display Co., Ltd. has a twelve month low of $3.45 and a twelve month high of $5.66.

LG Display (NYSE:LPL) last announced its earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.37). LG Display had a negative net margin of 8.18% and a negative return on equity of 21.29%. The business had revenue of $4.89 billion for the quarter. On average, analysts predict that LG Display Co., Ltd. will post -0.74 earnings per share for the current year.

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.