EverSource Wealth Advisors LLC Buys 2,819 Shares of LG Display Co., Ltd. (NYSE:LPL)

EverSource Wealth Advisors LLC raised its stake in LG Display Co., Ltd. (NYSE:LPL) by 20.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,411 shares of the electronics maker’s stock after purchasing an additional 2,819 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in LG Display were worth $67,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 2,363 shares in the last quarter. Sunbelt Securities Inc. bought a new position in LG Display in the first quarter valued at approximately $32,000. HB Wealth Management LLC bought a new position in LG Display in the first quarter valued at approximately $46,000. Drive Wealth Management LLC bought a new position in LG Display in the second quarter valued at approximately $50,000. Finally, Caprock Group LLC bought a new position in LG Display in the second quarter valued at approximately $50,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 10th. Finally, StockNews.com upgraded LG Display from a “hold” rating to a “buy” rating in a research note on Friday.

LG Display Stock Performance

Shares of NYSE LPL opened at $4.24 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. LG Display Co., Ltd. has a 12 month low of $3.45 and a 12 month high of $5.66. The stock has a 50 day moving average of $4.02 and a 200-day moving average of $4.02. The company has a market capitalization of $4.24 billion, a P/E ratio of -1.74 and a beta of 1.37.

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