LG Display Co., Ltd. (NYSE:LPL) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of LG Display Co., Ltd. (NYSE:LPL) by 30.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 360,513 shares of the electronics maker’s stock after selling 155,124 shares during the period. Rhumbline Advisers’ holdings in LG Display were worth $1,485,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in LG Display by 307.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,756 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 5,098 shares during the period. Sivia Capital Partners LLC acquired a new position in LG Display during the fourth quarter worth about $128,000. CWM LLC grew its holdings in LG Display by 66.4% during the first quarter. CWM LLC now owns 18,073 shares of the electronics maker’s stock worth $74,000 after acquiring an additional 7,211 shares during the period. Sunbelt Securities Inc. acquired a new position in LG Display during the first quarter worth about $32,000. Finally, HB Wealth Management LLC acquired a new position in LG Display during the first quarter worth about $46,000.

LG Display Trading Up 3.0 %

NYSE:LPL opened at $4.12 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 1.12. LG Display Co., Ltd. has a 1-year low of $3.45 and a 1-year high of $5.66. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of -1.70 and a beta of 1.37. The stock has a fifty day simple moving average of $4.07 and a 200 day simple moving average of $4.01.

LG Display (NYSE:LPL) last released its quarterly earnings results 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). LG Display had a negative net margin of 8.18% and a negative return on equity of 21.29%. The company had revenue of $4.89 billion during the quarter. Sell-side analysts forecast that LG Display Co., Ltd. will post -0.74 earnings per share for the current year.

Analyst Ratings Changes

LPL has been the topic of a number of research analyst reports. Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 10th. Finally, StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd.

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.