Sensato Investors LLC trimmed its holdings in LG Display Co Ltd. (NYSE:LPL) by 27.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,757 shares of the electronics maker’s stock after selling 52,205 shares during the quarter. Sensato Investors LLC’s holdings in LG Display were worth $1,882,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. lifted its stake in LG Display by 8.8% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 87,000 shares of the electronics maker’s stock worth $1,197,000 after purchasing an additional 7,000 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of LG Display during the 3rd quarter valued at approximately $383,000. Schwab Charles Investment Management Inc. raised its position in shares of LG Display by 10.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 361,200 shares of the electronics maker’s stock valued at $4,848,000 after buying an additional 33,400 shares during the period. LMR Partners LLP purchased a new stake in shares of LG Display during the 4th quarter valued at approximately $13,744,000. Finally, Northern Trust Corp raised its position in shares of LG Display by 13.1% during 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. 3.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of LG Display Co Ltd. (LPL) opened at $13.16 on Wednesday. The company has a market cap of $9,517.93, a P/E ratio of 5.77, a PEG ratio of 0.77 and a beta of 0.68. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. LG Display Co Ltd. has a 12-month low of $12.13 and a 12-month high of $17.05.
Several analysts have recently commented on LPL shares. ValuEngine lowered shares of LG Display from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research raised shares of LG Display from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, December 27th. CLSA raised shares of LG Display from an “underperform” rating to an “outperform” rating in a research report on Tuesday, January 23rd. Finally, Morgan Stanley raised shares of LG Display from an “underweight” rating to an “overweight” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.50.
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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.
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