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.
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