LG Display Co., Ltd. $LPL Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in LG Display Co., Ltd. (NYSE:LPL) by 67.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,400 shares of the electronics maker’s stock after selling 363,700 shares during the quarter. Renaissance Technologies LLC’s holdings in LG Display were worth $684,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LPL. Creative Planning acquired a new position in shares of LG Display in the 2nd quarter worth approximately $39,000. Simplicity Wealth LLC acquired a new position in LG Display in the first quarter worth approximately $41,000. Ausdal Financial Partners Inc. bought a new position in shares of LG Display in the fourth quarter valued at $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of LG Display during the 1st quarter valued at $46,000. Finally, XTX Topco Ltd bought a new stake in shares of LG Display during the 2nd quarter worth $46,000.

LG Display Stock Performance

Shares of LG Display stock opened at $3.50 on Monday. LG Display Co., Ltd. has a 12 month low of $2.76 and a 12 month high of $5.83. The company has a quick ratio of 0.22, a current ratio of 0.34 and a debt-to-equity ratio of 1.63. The stock has a market cap of $3.50 billion, a PE ratio of -174.75 and a beta of 1.69. The business has a fifty day simple moving average of $3.71 and a 200-day simple moving average of $4.18.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Wednesday, July 1st. The electronics maker reported ($0.26) earnings per share for the quarter. LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. The business had revenue of $3.62 billion for the quarter. On average, sell-side analysts anticipate that LG Display Co., Ltd. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings lowered LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Zacks Research downgraded LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, LG Display has an average rating of “Sell”.

LG Display Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.