Dimensional Fund Advisors LP Sells 340,482 Shares of LG Display Co., Ltd. $LPL

Key Points

• Dimensional Fund Advisors reduced its LG Display stake by 9.2% in the first quarter, selling 340,482 shares. It retained 3.34 million shares, valued at approximately $13.0 million and representing 0.33% of the company.
• Analyst sentiment remains negative: Zacks Research downgraded the stock to “strong sell,” Weiss Ratings lowered its rating to “sell,” and the overall MarketBeat consensus is “Sell.”
• LG Display reported a quarterly loss of $0.26 per share on $3.62 billion in revenue. Shares opened at $3.31, near the lower end of their 52-week range, while the company continues to face weak profitability and high leverage.

Dimensional Fund Advisors LP trimmed its position in shares of LG Display Co., Ltd. (NYSE:LPL - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,342,220 shares of the electronics maker's stock after selling 340,482 shares during the quarter. Dimensional Fund Advisors LP owned about 0.33% of LG Display worth $12,955,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LPL. Inspire Investing LLC lifted its position in LG Display by 30.0% during the first quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker's stock valued at $78,000 after acquiring an additional 4,654 shares during the last quarter. Corient Private Wealth LLC boosted its stake in LG Display by 26.8% in the fourth quarter. Corient Private Wealth LLC now owns 357,160 shares of the electronics maker's stock valued at $1,504,000 after acquiring an additional 75,438 shares in the last quarter. Blue Trust Inc. grew its holdings in LG Display by 119.3% in the first quarter. Blue Trust Inc. now owns 102,095 shares of the electronics maker's stock worth $396,000 after purchasing an additional 55,547 shares during the last quarter. Essex Bank acquired a new position in shares of LG Display during the first quarter worth $50,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of LG Display during the fourth quarter worth $77,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zacks Research cut LG Display from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 23rd. Weiss Ratings cut LG Display from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Sell".

LG Display Trading Up 2.0%

Shares of NYSE:LPL opened at $3.31 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.34 and a debt-to-equity ratio of 1.63. LG Display Co., Ltd. has a 52-week low of $2.76 and a 52-week high of $5.83. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of -165.30 and a beta of 1.68. The business has a 50-day moving average price of $3.91 and a 200-day moving average price of $4.22.

LG Display (NYSE:LPL - Get Free Report) last issued its earnings results on Wednesday, July 1st. The electronics maker reported ($0.26) EPS for the quarter. LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. The firm had revenue of $3.62 billion during the quarter. Equities analysts predict that LG Display Co., Ltd. will post -0.34 EPS for the current year.

LG Display Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.

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