LG Display Co., Ltd. $LPL Shares Acquired by Ethic Inc.

Ethic Inc. raised its position in shares of LG Display Co., Ltd. (NYSE:LPL) by 58.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 259,673 shares of the electronics maker’s stock after purchasing an additional 95,675 shares during the period. Ethic Inc.’s holdings in LG Display were worth $904,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. MGO One Seven LLC acquired a new position in shares of LG Display during the second quarter worth approximately $40,000. BSW Wealth Partners acquired a new position in LG Display during the 1st quarter worth $42,000. Verdence Capital Advisors LLC bought a new position in shares of LG Display in the second quarter worth $48,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of LG Display in the first quarter worth $44,000. Finally, Inspire Investing LLC bought a new stake in shares of LG Display during the first quarter valued at about $45,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LPL shares. UBS Group raised shares of LG Display from a “sell” rating to a “neutral” rating in a report on Tuesday, September 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, LG Display presently has a consensus rating of “Reduce”.

LG Display Trading Up 0.7%

LG Display stock opened at $4.99 on Tuesday. LG Display Co., Ltd. has a 12 month low of $2.43 and a 12 month high of $5.67. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.06. The stock has a market cap of $4.99 billion, a P/E ratio of -11.87, a P/E/G ratio of 0.26 and a beta of 1.49. The company’s fifty day simple moving average is $4.83 and its 200-day simple moving average is $3.88.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.07). The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. As a group, sell-side analysts forecast that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.