LG Display Co., Ltd. $LPL Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of LG Display Co., Ltd. (NYSE:LPL) by 9.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,921 shares of the electronics maker’s stock after buying an additional 8,977 shares during the period. Sequoia Financial Advisors LLC’s holdings in LG Display were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPL. Inspire Investing LLC boosted its holdings in LG Display by 29.5% in the second quarter. Inspire Investing LLC now owns 18,690 shares of the electronics maker’s stock valued at $64,000 after purchasing an additional 4,259 shares during the last quarter. BSW Wealth Partners grew its position in LG Display by 32.1% during the 2nd quarter. BSW Wealth Partners now owns 17,697 shares of the electronics maker’s stock worth $61,000 after purchasing an additional 4,298 shares during the period. Yousif Capital Management LLC grew its position in LG Display by 47.4% during the 2nd quarter. Yousif Capital Management LLC now owns 16,340 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 5,255 shares during the period. Rhumbline Advisers grew its position in LG Display by 2.3% during the 1st quarter. Rhumbline Advisers now owns 363,341 shares of the electronics maker’s stock worth $1,130,000 after purchasing an additional 8,144 shares during the period. Finally, MGO One Seven LLC acquired a new stake in LG Display during the 2nd quarter worth about $40,000.

LG Display Trading Down 4.8%

LPL stock opened at $5.03 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. LG Display Co., Ltd. has a 12-month low of $2.43 and a 12-month high of $5.67. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of -11.96, a PEG ratio of 0.29 and a beta of 1.49. The business’s 50-day moving average is $4.79 and its 200 day moving average is $3.80.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Thursday, August 14th. The electronics maker reported $0.62 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.85 billion. On average, sell-side analysts anticipate that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group raised LG Display from a “sell” rating to a “neutral” rating in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, LG Display currently has a consensus rating of “Reduce”.

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.