Cubist Systematic Strategies LLC Buys 24,488 Shares of LG Display Co., Ltd. (NYSE:LPL)

Cubist Systematic Strategies LLC lifted its stake in shares of LG Display Co., Ltd. (NYSE:LPL) by 341.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,668 shares of the electronics maker’s stock after purchasing an additional 24,488 shares during the period. Cubist Systematic Strategies LLC’s holdings in LG Display were worth $130,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new stake in LG Display during the first quarter valued at about $32,000. CWM LLC lifted its stake in shares of LG Display by 66.4% during the 1st quarter. CWM LLC now owns 18,073 shares of the electronics maker’s stock valued at $74,000 after buying an additional 7,211 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in LG Display by 69.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock worth $364,000 after buying an additional 36,483 shares during the period. PDS Planning Inc boosted its holdings in LG Display by 20.3% in the 1st quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock worth $128,000 after buying an additional 5,290 shares during the period. Finally, Blue Trust Inc. grew its stake in LG Display by 268.3% in the 2nd quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock valued at $116,000 after buying an additional 20,660 shares in the last quarter.

LG Display Stock Down 3.6 %

Shares of NYSE:LPL opened at $3.76 on Wednesday. The firm has a fifty day moving average price of $3.96 and a two-hundred day moving average price of $3.99. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -1.55 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. LG Display Co., Ltd. has a one year low of $3.45 and a one year high of $5.66.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (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 net margin of 8.18% and a negative return on equity of 21.29%. Analysts anticipate that LG Display Co., Ltd. will post -0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LPL. JPMorgan Chase & Co. raised LG Display from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 10th. StockNews.com upgraded LG Display from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

LG Display 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.