LG Display Co., Ltd. (NYSE:LPL) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its position in shares of LG Display Co., Ltd. (NYSE:LPLFree Report) by 59.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,666 shares of the electronics maker’s stock after selling 17,028 shares during the quarter. QRG Capital Management Inc.’s holdings in LG Display were worth $56,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Ieq Capital LLC bought a new stake in LG Display in the 3rd quarter valued at about $61,000. Drive Wealth Management LLC bought a new position in LG Display in the 4th quarter worth approximately $65,000. Intelligence Driven Advisers LLC acquired a new stake in LG Display in the 3rd quarter valued at approximately $64,000. Blue Trust Inc. boosted its position in LG Display by 71.5% during the 4th quarter. Blue Trust Inc. now owns 14,800 shares of the electronics maker’s stock worth $72,000 after acquiring an additional 6,168 shares during the period. Finally, Schechter Investment Advisors LLC bought a new position in shares of LG Display in the fourth quarter worth $131,000.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

Check Out Our Latest Stock Analysis on LPL

LG Display Stock Down 2.9 %

Shares of LPL stock opened at $3.71 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.50 and a current ratio of 0.68. The stock has a market cap of $3.71 billion, a PE ratio of -1.26 and a beta of 1.42. The business’s fifty day moving average is $4.03 and its 200-day moving average is $4.48. LG Display Co., Ltd. has a 1 year low of $3.67 and a 1 year high of $6.68.

LG Display (NYSE:LPLGet Free Report) last released its earnings results on Friday, March 8th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter. LG Display had a negative return on equity of 27.97% and a negative net margin of 12.93%. The firm had revenue of $5.61 billion for the quarter. Equities analysts expect that LG Display Co., Ltd. will post -0.98 earnings per share for the current fiscal year.

About LG Display

(Free Report)

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.

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

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