Blue Trust Inc. Raises Holdings in LG Display Co., Ltd. (NYSE:LPL)

Blue Trust Inc. boosted its stake in LG Display Co., Ltd. (NYSE:LPL) by 546.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,391 shares of the electronics maker’s stock after purchasing an additional 155,030 shares during the period. Blue Trust Inc.’s holdings in LG Display were worth $756,000 at the end of the most recent reporting period.

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

LG Display Price Performance

LPL opened at $3.80 on Tuesday. 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 market cap of $3.80 billion, a price-to-earnings ratio of -1.56 and a beta of 1.37. The stock has a fifty day simple moving average of $3.96 and a two-hundred day simple moving average of $3.98. LG Display Co., Ltd. has a 12-month low of $3.45 and a 12-month high of $5.66.

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 the consensus estimate of ($0.37) by ($0.37). The business 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%. Research analysts predict that LG Display Co., Ltd. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.