Barclays PLC Raises Position in LG Display Co Ltd. (NYSE:LPL)

Barclays PLC raised its holdings in LG Display Co Ltd. (NYSE:LPL) by 28.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 540,050 shares of the electronics maker’s stock after buying an additional 119,750 shares during the period. Barclays PLC owned approximately 0.08% of LG Display worth $3,213,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Parametric Portfolio Associates LLC boosted its position in LG Display by 61.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,409,677 shares of the electronics maker’s stock valued at $14,338,000 after buying an additional 914,437 shares during the period. State Street Corp boosted its position in LG Display by 1.9% in the 3rd quarter. State Street Corp now owns 370,636 shares of the electronics maker’s stock valued at $2,205,000 after buying an additional 6,783 shares during the period. Corient Capital Partners LLC boosted its position in LG Display by 123.5% in the 3rd quarter. Corient Capital Partners LLC now owns 36,551 shares of the electronics maker’s stock valued at $217,000 after buying an additional 20,199 shares during the period. Quadrant Capital Group LLC boosted its position in LG Display by 21.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 75,109 shares of the electronics maker’s stock valued at $446,000 after buying an additional 13,366 shares during the period. Finally, UBS Group AG boosted its position in LG Display by 1,194.1% in the 2nd quarter. UBS Group AG now owns 1,367,108 shares of the electronics maker’s stock valued at $10,595,000 after buying an additional 1,261,470 shares during the period. 2.55% of the stock is owned by institutional investors.

Several research firms have recently issued reports on LPL. Zacks Investment Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a research report on Friday, August 23rd. TheStreet cut shares of LG Display from a “c-” rating to a “d+” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.00.

LG Display stock opened at $6.29 on Tuesday. The stock has a market cap of $4.49 billion, a P/E ratio of -24.19 and a beta of 0.90. The company has a fifty day simple moving average of $6.03 and a 200-day simple moving average of $6.35. LG Display Co Ltd. has a 12-month low of $5.08 and a 12-month high of $9.81. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.81.

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.

Further Reading: Oversold

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

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