Parametric Portfolio Associates LLC Sells 382,379 Shares of LG Display Co Ltd. (NYSE:LPL)

Parametric Portfolio Associates LLC decreased its holdings in shares of LG Display Co Ltd. (NYSE:LPL) by 20.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,495,240 shares of the electronics maker’s stock after selling 382,379 shares during the period. Parametric Portfolio Associates LLC owned about 0.21% of LG Display worth $11,588,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LPL. Bank of Montreal Can lifted its position in LG Display by 91.0% in the 2nd quarter. Bank of Montreal Can now owns 67,833 shares of the electronics maker’s stock valued at $526,000 after acquiring an additional 32,327 shares in the last quarter. NINE MASTS CAPITAL Ltd grew its position in shares of LG Display by 332.7% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 473,478 shares of the electronics maker’s stock worth $3,659,000 after buying an additional 364,045 shares during the period. Corient Capital Partners LLC grew its position in shares of LG Display by 49.5% in the 2nd quarter. Corient Capital Partners LLC now owns 16,352 shares of the electronics maker’s stock worth $127,000 after buying an additional 5,416 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in LG Display during the 2nd quarter valued at about $197,000. Finally, Mizuho Securities Co. Ltd. grew its position in LG Display by 487.8% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 24,659 shares of the electronics maker’s stock valued at $191,000 after purchasing an additional 20,464 shares during the last quarter. Institutional investors own 2.78% of the company’s stock.

LPL stock traded down $0.13 during midday trading on Monday, hitting $5.98. 1,070 shares of the stock were exchanged, compared to its average volume of 317,176. The stock’s 50-day moving average price is $5.63 and its 200-day moving average price is $7.40. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of -22.96 and a beta of 0.89. LG Display Co Ltd. has a fifty-two week low of $5.08 and a fifty-two week high of $9.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 0.88.

LG Display (NYSE:LPL) last released its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.65) by ($0.01). The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.54 billion. LG Display had a negative return on equity of 2.89% and a negative net margin of 1.79%. Research analysts anticipate that LG Display Co Ltd. will post -1.34 EPS for the current year.

LPL has been the topic of several research analyst reports. Zacks Investment Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a research note on Friday, August 23rd. ValuEngine upgraded LG Display from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, TheStreet downgraded LG Display from a “c-” rating to a “d+” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. LG Display has an average rating of “Hold” and a consensus target price of $7.00.

About LG Display

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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

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