JPMorgan Chase & Co. Decreases Holdings in LG Display Co., Ltd. (NYSE:LPL)

JPMorgan Chase & Co. lessened its stake in shares of LG Display Co., Ltd. (NYSE:LPL) by 75.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,539 shares of the electronics maker’s stock after selling 107,754 shares during the quarter. JPMorgan Chase & Co.’s holdings in LG Display were worth $106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LPL. American Century Companies Inc. raised its stake in shares of LG Display by 3.2% during the fourth quarter. American Century Companies Inc. now owns 1,315,187 shares of the electronics maker’s stock valued at $4,038,000 after purchasing an additional 40,375 shares during the period. PDS Planning Inc increased its stake in LG Display by 16.7% during the 4th quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker’s stock worth $73,000 after buying an additional 3,401 shares during the period. Corient Private Wealth LLC boosted its position in LG Display by 42.7% in the 4th quarter. Corient Private Wealth LLC now owns 148,385 shares of the electronics maker’s stock valued at $456,000 after buying an additional 44,429 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in LG Display by 5.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,371,287 shares of the electronics maker’s stock valued at $4,210,000 after buying an additional 70,081 shares during the last quarter. Finally, Natural Investments LLC acquired a new stake in shares of LG Display during the fourth quarter valued at about $94,000.

LG Display Stock Performance

Shares of LPL stock opened at $3.05 on Tuesday. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of -1.26 and a beta of 1.41. LG Display Co., Ltd. has a one year low of $2.43 and a one year high of $4.86. The company’s 50-day simple moving average is $3.01 and its 200-day simple moving average is $3.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.43 and a current ratio of 0.64.

Wall Street Analysts Forecast Growth

LPL has been the subject of a number of recent analyst reports. Bank of America initiated coverage on LG Display in a research note on Thursday, April 24th. They set a “neutral” rating for the company. StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

LG Display Profile

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.