Ethic Inc. Purchases 143,002 Shares of LG Display Co., Ltd. $LPL

Ethic Inc. lifted its position in LG Display Co., Ltd. (NYSE:LPL) by 55.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,675 shares of the electronics maker’s stock after purchasing an additional 143,002 shares during the quarter. Ethic Inc.’s holdings in LG Display were worth $2,102,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of LG Display by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after purchasing an additional 161,409 shares during the last quarter. Quadrant Capital Group LLC raised its position in LG Display by 323.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 175,947 shares of the electronics maker’s stock worth $602,000 after purchasing an additional 134,432 shares during the last quarter. Vident Advisory LLC raised its position in shares of LG Display by 46.2% during the first quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker’s stock worth $1,220,000 after acquiring an additional 123,994 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in LG Display by 46.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 258,161 shares of the electronics maker’s stock valued at $883,000 after purchasing an additional 82,207 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in LG Display by 32.9% in the second quarter. Corient Private Wealth LLC now owns 180,700 shares of the electronics maker’s stock valued at $618,000 after buying an additional 44,742 shares during the period.

LG Display Stock Performance

Shares of NYSE LPL opened at $4.19 on Friday. LG Display Co., Ltd. has a one year low of $2.43 and a one year high of $5.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. The stock’s fifty day moving average price is $4.44 and its two-hundred day moving average price is $4.33. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -9.98, a P/E/G ratio of 0.26 and a beta of 1.50.

LG Display (NYSE:LPL) last released its earnings results on Friday, November 14th. The electronics maker reported ($0.01) earnings per share for the quarter. The company had revenue of $4.95 billion for the quarter. LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. On average, equities analysts forecast that LG Display Co., Ltd. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LPL. Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, UBS Group upgraded LG Display from a “sell” rating to a “neutral” rating in a research note on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.