LG Display Co., Ltd. (NYSE:LPL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in LG Display Co., Ltd. (NYSE:LPL) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,802,614 shares of the electronics maker’s stock after selling 72,312 shares during the quarter. Dimensional Fund Advisors LP owned about 0.38% of LG Display worth $15,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 2,363 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of LG Display in the 1st quarter valued at approximately $32,000. HB Wealth Management LLC acquired a new stake in shares of LG Display during the 1st quarter worth approximately $46,000. Drive Wealth Management LLC purchased a new stake in shares of LG Display during the 2nd quarter valued at approximately $50,000. Finally, Caprock Group LLC purchased a new stake in shares of LG Display during the 2nd quarter valued at approximately $50,000.

Analyst Ratings Changes

Several research firms have issued reports on LPL. StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. upgraded shares of LG Display from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 10th.

LG Display Stock Performance

Shares of LPL stock opened at $3.91 on Friday. LG Display Co., Ltd. has a one year low of $3.45 and a one year high of $5.66. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.68. The firm’s 50 day moving average price is $3.98 and its 200-day moving average price is $4.01. The firm has a market cap of $3.91 billion, a P/E ratio of -1.61 and a beta of 1.37.

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

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.