Goldman Sachs Group Inc. lessened its position in LG Display Co., Ltd. (NYSE:LPL) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,161 shares of the electronics maker’s stock after selling 3,202 shares during the quarter. Goldman Sachs Group Inc.’s holdings in LG Display Co. were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LPL. BNP Paribas Arbitrage SA lifted its stake in shares of LG Display Co. by 13.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 857 shares during the period. Ameriprise Financial Inc. purchased a new position in LG Display Co. during the first quarter valued at $149,000. Athos Capital Ltd purchased a new position in LG Display Co. during the second quarter valued at $160,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new position in LG Display Co. during the second quarter valued at $170,000. Finally, Bank of New York Mellon Corp raised its stake in LG Display Co. by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 13,964 shares of the electronics maker’s stock valued at $191,000 after buying an additional 147 shares during the last quarter. Institutional investors own 3.70% of the company’s stock.
A number of brokerages have issued reports on LPL. Zacks Investment Research upgraded LG Display Co. from a “strong sell” rating to a “hold” rating in a research note on Friday. Cowen and Company set a $16.00 price objective on LG Display Co. and gave the company a “buy” rating in a research note on Monday, October 23rd. Nomura reiterated a “neutral” rating on shares of LG Display Co. in a research note on Thursday, October 19th. BidaskClub upgraded LG Display Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, UBS AG cut LG Display Co. from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. LG Display Co. has a consensus rating of “Hold” and a consensus price target of $16.50.
LG Display Co., Ltd. (NYSE LPL) opened at $13.18 on Friday. The company has a market capitalization of $9,432.00, a price-to-earnings ratio of 4.03, a price-to-earnings-growth ratio of 0.35 and a beta of 0.44.
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LG Display Co. Company Profile
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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