Sequoia Financial Advisors LLC Purchases 61,679 Shares of LG Display Co., Ltd. (NYSE:LPL)

Sequoia Financial Advisors LLC grew its position in shares of LG Display Co., Ltd. (NYSE:LPL) by 161.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,944 shares of the electronics maker’s stock after purchasing an additional 61,679 shares during the period. Sequoia Financial Advisors LLC’s holdings in LG Display were worth $311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. PDS Planning Inc lifted its stake in shares of LG Display by 16.7% in the 4th quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker’s stock valued at $73,000 after acquiring an additional 3,401 shares during the last quarter. Millennium Management LLC lifted its stake in shares of LG Display by 21.2% in the 4th quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock valued at $64,000 after acquiring an additional 3,661 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of LG Display by 1.9% in the 4th quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker’s stock valued at $1,090,000 after acquiring an additional 6,484 shares during the last quarter. Ethic Inc. lifted its stake in shares of LG Display by 8.4% in the 4th quarter. Ethic Inc. now owns 87,365 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 6,802 shares during the last quarter. Finally, Fragasso Financial Advisors Inc bought a new stake in shares of LG Display in the 1st quarter valued at about $32,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LPL. Morgan Stanley raised LG Display from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, June 11th. Bank of America began coverage on LG Display in a research note on Thursday, April 24th. They issued a “neutral” rating for the company. Finally, Wall Street Zen raised LG Display from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

LG Display Trading Up 2.6%

LPL opened at $3.61 on Friday. The business has a 50 day simple moving average of $3.22 and a two-hundred day simple moving average of $3.17. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of -2.03, a PEG ratio of 0.52 and a beta of 1.44. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.46. LG Display Co., Ltd. has a one year low of $2.43 and a one year high of $4.86.

LG Display (NYSE:LPL) last released its quarterly earnings results on Thursday, May 15th. The electronics maker reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.33 billion. LG Display had a negative net margin of 7.17% and a negative return on equity of 24.14%. Analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current year.

LG Display Company Profile

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.