Vanguard Personalized Indexing Management LLC raised its stake in LG Display Co., Ltd. (NYSE:LPL – Free Report) by 20.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,181 shares of the electronics maker’s stock after acquiring an additional 7,246 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in LG Display were worth $270,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of LPL. Bank of New York Mellon Corp boosted its position in shares of LG Display by 71.6% during the first quarter. Bank of New York Mellon Corp now owns 82,817 shares of the electronics maker’s stock worth $528,000 after buying an additional 34,552 shares during the period. PDS Planning Inc boosted its position in shares of LG Display by 103.3% during the first quarter. PDS Planning Inc now owns 37,292 shares of the electronics maker’s stock worth $238,000 after buying an additional 18,947 shares during the period. Arete Wealth Advisors LLC acquired a new position in shares of LG Display during the first quarter worth approximately $591,919,000,000. Schechter Investment Advisors LLC boosted its position in shares of LG Display by 20.4% during the first quarter. Schechter Investment Advisors LLC now owns 28,669 shares of the electronics maker’s stock worth $183,000 after buying an additional 4,850 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its position in shares of LG Display by 26.3% during the first quarter. First Trust Direct Indexing L.P. now owns 269,952 shares of the electronics maker’s stock worth $1,722,000 after buying an additional 56,205 shares during the period. 2.04% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on LG Display in a research report on Thursday, August 17th. They set a “hold” rating for the company.
LG Display Stock Performance
LPL opened at $5.01 on Friday. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of -1.01 and a beta of 1.37. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.81 and a quick ratio of 0.60. LG Display Co., Ltd. has a 1-year low of $4.08 and a 1-year high of $6.68. The business has a 50 day moving average price of $5.51 and a two-hundred day moving average price of $5.83.
LG Display (NYSE:LPL – Get Free Report) last released its earnings results on Monday, August 14th. The electronics maker reported ($0.91) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.03. The firm had revenue of $3.60 billion during the quarter. LG Display had a negative return on equity of 42.32% and a negative net margin of 20.53%. Research analysts predict that LG Display Co., Ltd. will post -3.14 EPS for the current fiscal year.
LG Display Profile
LG Display Co, Ltd., together with its subsidiaries, engages in the design, 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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