LG Display Co., Ltd. (NYSE:LPL) Downgraded by BidaskClub

LG Display Co., Ltd. (NYSE:LPL) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, August 1st.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of LG Display Co. from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. Cowen and Company restated a “buy” rating and issued a $20.40 target price on shares of LG Display Co. in a report on Friday, July 28th. UBS AG cut shares of LG Display Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. ValuEngine upgraded shares of LG Display Co. from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Finally, CLSA cut shares of LG Display Co. from an “outperform” rating to an “underperform” rating in a report on Thursday, April 27th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. LG Display Co. currently has an average rating of “Hold” and an average target price of $16.86.

Shares of LG Display Co. (LPL) opened at 13.18 on Tuesday. The company has a market cap of $9.43 billion, a PE ratio of 4.60 and a beta of 0.36. The company has a 50 day moving average of $14.71 and a 200-day moving average of $13.85. LG Display Co. has a 12-month low of $11.26 and a 12-month high of $17.05.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in LG Display Co. by 24.6% in the fourth quarter. Macquarie Group Ltd. now owns 234,621 shares of the electronics maker’s stock valued at $3,015,000 after buying an additional 46,312 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new position in LG Display Co. during the first quarter valued at $2,724,000. Nationwide Fund Advisors increased its position in LG Display Co. by 3.8% in the first quarter. Nationwide Fund Advisors now owns 51,500 shares of the electronics maker’s stock valued at $701,000 after buying an additional 1,900 shares during the last quarter. Profund Advisors LLC increased its position in LG Display Co. by 5.6% in the first quarter. Profund Advisors LLC now owns 62,575 shares of the electronics maker’s stock valued at $852,000 after buying an additional 3,293 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in LG Display Co. by 9.8% in the first quarter. Russell Investments Group Ltd. now owns 359,349 shares of the electronics maker’s stock valued at $4,894,000 after buying an additional 32,087 shares during the last quarter. Institutional investors and hedge funds own 3.88% of the company’s stock.

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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