48,086 Shares in LG Display Co., Ltd. (NYSE:LPL) Acquired by USA Financial Portformulas Corp

USA Financial Portformulas Corp bought a new stake in LG Display Co., Ltd. (NYSE:LPL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 48,086 shares of the electronics maker’s stock, valued at approximately $773,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LPL. Morgan Stanley lifted its position in LG Display Co. by 18.1% in the first quarter. Morgan Stanley now owns 1,439,421 shares of the electronics maker’s stock valued at $19,604,000 after buying an additional 220,866 shares during the last quarter. Aperio Group LLC lifted its position in LG Display Co. by 33.8% in the second quarter. Aperio Group LLC now owns 739,439 shares of the electronics maker’s stock valued at $11,883,000 after buying an additional 186,817 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in LG Display Co. by 17.7% in the second quarter. Parametric Portfolio Associates LLC now owns 736,779 shares of the electronics maker’s stock valued at $11,840,000 after buying an additional 110,776 shares during the last quarter. NorthCoast Asset Management LLC acquired a new position in LG Display Co. in the second quarter valued at about $1,359,000. Finally, Diversified Trust Co acquired a new position in LG Display Co. in the second quarter valued at about $1,201,000. 3.71% of the stock is currently owned by institutional investors.

Shares of LG Display Co., Ltd. (LPL) traded up 3.543% during midday trading on Friday, hitting $13.005. The company had a trading volume of 354,486 shares. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 4.594 and a beta of 0.32. The stock’s 50-day moving average price is $13.63 and its 200-day moving average price is $14.18. LG Display Co., Ltd. has a 12 month low of $11.26 and a 12 month high of $17.05.

Several analysts have recently issued reports on LPL shares. Cowen and Company reissued a “buy” rating and set a $20.40 price target on shares of LG Display Co. in a research report on Friday, July 28th. Zacks Investment Research cut shares of LG Display Co. from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. Nomura reissued a “neutral” rating on shares of LG Display Co. in a research report on Thursday, October 19th. BidaskClub raised shares of LG Display Co. from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, UBS AG cut shares of LG Display Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.50.

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LG Display Co. Profile

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

Institutional Ownership by Quarter for LG Display Co. (NYSE:LPL)

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