PNC Financial Services Group Inc. Trims Stock Position in LG Display Co., Ltd. (NYSE:LPL)

PNC Financial Services Group Inc. trimmed its stake in LG Display Co., Ltd. (NYSE:LPL) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,533 shares of the electronics maker’s stock after selling 3,374 shares during the period. PNC Financial Services Group Inc.’s holdings in LG Display were worth $311,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in LG Display by 307.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,756 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 5,098 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of LG Display in the 4th quarter worth about $43,000. Drive Wealth Management LLC purchased a new position in LG Display during the 4th quarter valued at about $65,000. Blue Trust Inc. boosted its stake in LG Display by 71.5% during the fourth 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 in the last quarter. Finally, Intelligence Driven Advisers LLC grew its holdings in LG Display by 43.4% in the fourth quarter. Intelligence Driven Advisers LLC now owns 19,608 shares of the electronics maker’s stock worth $95,000 after purchasing an additional 5,935 shares during the period.

Wall Street Analysts Forecast Growth

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

LG Display Price Performance

LPL opened at $4.12 on Monday. LG Display Co., Ltd. has a 1 year low of $3.45 and a 1 year high of $6.22. The stock has a 50-day moving average price of $3.83 and a 200-day moving average price of $4.22. The firm has a market cap of $4.12 billion, a PE ratio of -1.70 and a beta of 1.36. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.73 and a quick ratio of 0.49.

LG Display (NYSE:LPL) last issued its earnings results on Thursday, May 16th. The electronics maker reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.24). The firm had revenue of $4.20 billion during the quarter. LG Display had a negative return on equity of 24.29% and a negative net margin of 10.46%. Sell-side analysts predict that LG Display Co., Ltd. will post -0.99 earnings per share for the current fiscal 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.