Envestnet Asset Management Inc. Increases Stake in LG Display Co., Ltd. (NYSE:LPL)

Envestnet Asset Management Inc. lifted its stake in shares of LG Display Co., Ltd. (NYSE:LPL) by 525.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 94,184 shares of the electronics maker’s stock after buying an additional 79,123 shares during the period. Envestnet Asset Management Inc.’s holdings in LG Display were worth $941,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LPL. BlackRock Inc. increased its position in shares of LG Display by 78.7% during the fourth quarter. BlackRock Inc. now owns 264,423 shares of the electronics maker’s stock valued at $2,233,000 after buying an additional 116,423 shares during the period. Northern Trust Corp increased its position in shares of LG Display by 22.0% during the fourth quarter. Northern Trust Corp now owns 443,080 shares of the electronics maker’s stock valued at $3,740,000 after buying an additional 79,824 shares during the period. Veriti Management LLC purchased a new position in shares of LG Display during the fourth quarter valued at about $585,000. US Bancorp DE increased its position in shares of LG Display by 10,539.9% during the first quarter. US Bancorp DE now owns 55,221 shares of the electronics maker’s stock valued at $552,000 after buying an additional 54,702 shares during the period. Finally, Henry James International Management Inc. purchased a new position in shares of LG Display during the first quarter valued at about $500,000. Institutional investors own 2.78% of the company’s stock.

LG Display stock opened at $10.27 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $10.71. LG Display Co., Ltd. has a 12 month low of $4.53 and a 12 month high of $12.31. The company has a market capitalization of $7.35 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 0.16 and a beta of 1.10.

Several equities analysts have recently issued reports on LPL shares. TheStreet upgraded shares of LG Display from a “d” rating to a “c” rating in a report on Monday, April 26th. Nomura cut LG Display from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 28th. Finally, Zacks Investment Research raised LG Display from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Saturday, April 24th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $13.00.

LG Display Profile

LG Display Co, Ltd. engages in the design, 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.

See Also: What is the CAC 40 Index

Want to see what other hedge funds are holding LPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LG Display Co., Ltd. (NYSE:LPL).

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

Receive News & Ratings for LG Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LG Display and related companies with MarketBeat.com's FREE daily email newsletter.