State Street Corp increased its position in shares of LG Display Co., Ltd. (NYSE:LPL – Free Report) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 628,299 shares of the electronics maker’s stock after buying an additional 7,412 shares during the period. State Street Corp owned 0.06% of LG Display worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. acquired a new stake in shares of LG Display in the third quarter valued at approximately $42,000. Caprock Group LLC bought a new stake in LG Display in the 2nd quarter valued at $50,000. MQS Management LLC acquired a new stake in LG Display during the 2nd quarter valued at $61,000. Wealthstream Advisors Inc. acquired a new stake in LG Display during the 3rd quarter valued at $64,000. Finally, EverSource Wealth Advisors LLC boosted its position in LG Display by 20.7% during the second quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock worth $67,000 after purchasing an additional 2,819 shares during the period.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. StockNews.com raised LG Display from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Finally, Citigroup cut LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th.
LG Display Trading Down 1.3 %
LPL stock opened at $3.07 on Wednesday. LG Display Co., Ltd. has a 52 week low of $3.06 and a 52 week high of $5.66. The company has a market capitalization of $3.07 billion, a PE ratio of -1.75 and a beta of 1.33. The company’s 50-day simple moving average is $3.42 and its 200 day simple moving average is $3.84. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.43 and a current ratio of 0.65.
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.
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