American Century Companies Inc. Buys 33,874 Shares of LG Display Co., Ltd. $LPL

American Century Companies Inc. raised its stake in LG Display Co., Ltd. (NYSE:LPL) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,349,061 shares of the electronics maker’s stock after purchasing an additional 33,874 shares during the period. American Century Companies Inc. owned 0.13% of LG Display worth $4,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fragasso Financial Advisors Inc bought a new stake in shares of LG Display during the first quarter worth about $32,000. Two Sigma Advisers LP bought a new stake in shares of LG Display during the fourth quarter worth about $32,000. BSW Wealth Partners bought a new stake in shares of LG Display during the first quarter worth about $42,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of LG Display during the first quarter worth about $44,000. Finally, Crestwood Advisors Group LLC bought a new stake in shares of LG Display during the first quarter worth about $45,000.

LG Display Stock Down 1.2%

LG Display stock opened at $4.39 on Friday. LG Display Co., Ltd. has a fifty-two week low of $2.43 and a fifty-two week high of $4.97. The stock has a market cap of $4.39 billion, a PE ratio of -10.44, a price-to-earnings-growth ratio of 0.26 and a beta of 1.44. The firm’s 50-day simple moving average is $3.83 and its 200 day simple moving average is $3.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.62.

LG Display (NYSE:LPL) last released its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.07). LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%.The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.85 billion. Research analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LPL shares. Wall Street Zen raised shares of LG Display from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Morgan Stanley raised shares of LG Display from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, June 11th. Finally, UBS Group downgraded shares of LG Display from a “neutral” rating to a “sell” rating in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

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.