Arrowstreet Capital Limited Partnership Sells 88,865 Shares of LG Display Co., Ltd. (LPL)

Arrowstreet Capital Limited Partnership reduced its position in LG Display Co., Ltd. (NYSE:LPL) by 3.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,463,406 shares of the electronics maker’s stock after selling 88,865 shares during the period. Arrowstreet Capital Limited Partnership owned 0.34% of LG Display Co. worth $39,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of LG Display Co. by 13.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock valued at $120,000 after buying an additional 857 shares during the period. US Bancorp DE increased its stake in shares of LG Display Co. by 6.5% in the 1st quarter. US Bancorp DE now owns 7,794 shares of the electronics maker’s stock valued at $106,000 after buying an additional 473 shares during the period. Athos Capital Ltd acquired a new stake in shares of LG Display Co. in the 2nd quarter valued at $160,000. Cubist Systematic Strategies LLC acquired a new stake in shares of LG Display Co. in the 2nd quarter valued at $168,000. Finally, Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in shares of LG Display Co. in the 2nd quarter valued at $170,000. 3.72% of the stock is owned by institutional investors.

LPL has been the subject of a number of analyst reports. BidaskClub cut LG Display Co. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised LG Display Co. from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, July 25th. UBS AG cut LG Display Co. from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $20.40 price objective on shares of LG Display Co. in a research note on Sunday, September 10th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.70.

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LG Display Co., Ltd. (NYSE LPL) traded down 0.2459% on Wednesday, reaching $12.6987. The company’s stock had a trading volume of 137,552 shares. LG Display Co., Ltd. has a 52-week low of $11.26 and a 52-week high of $17.05. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 4.4856 and a beta of 0.32. The firm’s 50-day moving average price is $13.83 and its 200-day moving average price is $14.21.

LG Display Co. Company Profile

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

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

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