Bluestein R H & Co. Reduces Holdings in LG Display Co Ltd. (LPL)

Bluestein R H & Co. lessened its stake in LG Display Co Ltd. (NYSE:LPL) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,000 shares of the electronics maker’s stock after selling 5,000 shares during the quarter. Bluestein R H & Co.’s holdings in LG Display were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Aperio Group LLC increased its stake in LG Display by 20.0% in the 3rd quarter. Aperio Group LLC now owns 887,040 shares of the electronics maker’s stock valued at $11,904,000 after buying an additional 147,601 shares during the period. Parametric Portfolio Associates LLC increased its stake in LG Display by 17.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 736,779 shares of the electronics maker’s stock valued at $11,840,000 after buying an additional 110,776 shares during the period. Northern Trust Corp increased its stake in LG Display by 13.1% in the 2nd quarter. Northern Trust Corp now owns 415,899 shares of the electronics maker’s stock valued at $6,684,000 after buying an additional 48,334 shares during the period. Assetmark Inc. acquired a new position in LG Display in the 3rd quarter valued at approximately $4,970,000. Finally, Schwab Charles Investment Management Inc. grew its position in LG Display by 10.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 361,200 shares of the electronics maker’s stock worth $4,848,000 after acquiring an additional 33,400 shares in the last quarter. Hedge funds and other institutional investors own 4.06% of the company’s stock.

LG Display Co Ltd. (NYSE LPL) traded up $0.13 during mid-day trading on Wednesday, reaching $13.91. 1,234,300 shares of the company’s stock traded hands, compared to its average volume of 657,395. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 1.07. The company has a market capitalization of $9,861.38, a P/E ratio of 4.21, a price-to-earnings-growth ratio of 0.37 and a beta of 0.48. LG Display Co Ltd. has a 12 month low of $11.91 and a 12 month high of $17.05.

Several analysts have commented on LPL shares. Cowen set a $16.00 target price on shares of LG Display and gave the stock a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Friday, November 3rd. BidaskClub raised shares of LG Display from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Nomura reissued a “neutral” rating on shares of LG Display in a research report on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. LG Display presently has an average rating of “Hold” and a consensus price target of $16.50.

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LG Display 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.

Institutional Ownership by Quarter for LG Display (NYSE:LPL)

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