Renaissance Technologies LLC Acquires Shares of 113,533 LG Display Co., Ltd. (NYSE:LPL)

Renaissance Technologies LLC bought a new position in shares of LG Display Co., Ltd. (NYSE:LPL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 113,533 shares of the electronics maker’s stock, valued at approximately $468,000.

A number of other large investors have also modified their holdings of the business. Sivia Capital Partners LLC purchased a new stake in shares of LG Display in the fourth quarter valued at approximately $128,000. CWM LLC lifted its holdings in LG Display by 66.4% in the first quarter. CWM LLC now owns 18,073 shares of the electronics maker’s stock valued at $74,000 after acquiring an additional 7,211 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of LG Display during the 1st quarter worth $32,000. HB Wealth Management LLC acquired a new position in shares of LG Display during the 1st quarter worth $46,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of LG Display by 69.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock valued at $364,000 after purchasing an additional 36,483 shares in the last quarter.

LG Display Stock Performance

Shares of LPL opened at $3.73 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average of $3.96 and a two-hundred day moving average of $4.00. LG Display Co., Ltd. has a 12-month low of $3.45 and a 12-month high of $5.66. The stock has a market cap of $3.73 billion, a P/E ratio of -1.53 and a beta of 1.37.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). The company had revenue of $4.89 billion for the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. As a group, research analysts predict that LG Display Co., Ltd. will post -0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LPL shares. StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 10th. Finally, Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

About LG Display

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.