LG Display Co., Ltd. (LPL) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of LG Display Co., Ltd. (NYSE:LPL) from a buy rating to a hold rating in a research note issued to investors on Saturday, July 29th.

According to Zacks, “LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea. “

LPL has been the topic of a number of other reports. BidaskClub lowered shares of LG Display Co. from a strong-buy rating to a buy rating in a report on Saturday, July 1st. CLSA lowered shares of LG Display Co. from an outperform rating to an underperform rating in a report on Thursday, April 27th. UBS AG lowered shares of LG Display Co. from a buy rating to a neutral rating in a report on Wednesday, July 26th. Cowen and Company reissued a buy rating and issued a $20.40 price objective on shares of LG Display Co. in a research report on Friday, July 28th. Finally, ValuEngine raised shares of LG Display Co. from a buy rating to a strong-buy rating in a research report on Friday, June 9th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $16.86.

LG Display Co. (NYSE LPL) opened at 13.18 on Friday. LG Display Co. has a 12 month low of $11.26 and a 12 month high of $17.05. The stock has a market capitalization of $9.43 billion, a PE ratio of 4.60 and a beta of 0.36. The stock has a 50 day moving average price of $14.71 and a 200 day moving average price of $13.85.

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Several hedge funds and other institutional investors have recently bought and sold shares of LPL. Karp Capital Management Corp acquired a new position in shares of LG Display Co. during the first quarter valued at about $7,527,000. Morgan Stanley increased its position in shares of LG Display Co. by 18.1% in the first quarter. Morgan Stanley now owns 1,439,421 shares of the electronics maker’s stock valued at $19,604,000 after buying an additional 220,866 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new position in shares of LG Display Co. during the first quarter valued at about $2,724,000. Aperio Group LLC increased its position in shares of LG Display Co. by 33.8% in the second quarter. Aperio Group LLC now owns 739,439 shares of the electronics maker’s stock valued at $11,883,000 after buying an additional 186,817 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in shares of LG Display Co. during the first quarter valued at about $2,373,000. 3.88% of the stock is currently owned by hedge funds and other institutional investors.

About LG Display Co.

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

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