Fmr LLC Grows Position in LG Display Co., Ltd. (NYSE:LPL)

Fmr LLC increased its position in LG Display Co., Ltd. (NYSE:LPL) by 38.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,861 shares of the electronics maker’s stock after buying an additional 12,008 shares during the quarter. Fmr LLC’s holdings in LG Display were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. bought a new stake in LG Display in the 3rd quarter worth $42,000. Caprock Group LLC bought a new stake in shares of LG Display in the second quarter worth about $50,000. Drive Wealth Management LLC purchased a new position in LG Display during the 2nd quarter valued at about $50,000. MQS Management LLC purchased a new position in LG Display during the 2nd quarter valued at about $61,000. Finally, Wealthstream Advisors Inc. bought a new position in LG Display during the 3rd quarter valued at approximately $64,000.

Wall Street Analyst Weigh In

LPL has been the topic of several research analyst reports. Citigroup cut LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. downgraded shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of LG Display from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

LG Display Trading Up 0.9 %

NYSE LPL opened at $3.21 on Friday. The firm has a market capitalization of $3.21 billion, a PE ratio of -1.83 and a beta of 1.33. The stock’s 50 day moving average is $3.50 and its 200 day moving average is $3.85. LG Display Co., Ltd. has a twelve month low of $3.10 and a twelve month high of $5.66. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03.

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.