LG Display Co., Ltd. $LPL Shares Acquired by Ethic Inc.

Key Points

• Ethic Inc. significantly increased its stake in LG Display Co., Ltd. by 87.7% during Q1, acquiring a total of 163,998 shares valued at $505,000.
• Other large investors also boosted their positions in LG Display, notably Cerity Partners LLC, which raised its stake by 498.6%.
• LG Display's stock has experienced fluctuations, currently down 0.4% with a market capitalization of $4.18 billion, following a recent earnings report that indicated a miss on EPS estimates.

Ethic Inc. increased its stake in LG Display Co., Ltd. (NYSE:LPL - Free Report) by 87.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,998 shares of the electronics maker's stock after acquiring an additional 76,633 shares during the quarter. Ethic Inc.'s holdings in LG Display were worth $505,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Two Sigma Advisers LP purchased a new stake in shares of LG Display during the fourth quarter worth $32,000. Fragasso Financial Advisors Inc purchased a new stake in shares of LG Display during the first quarter worth $32,000. BSW Wealth Partners purchased a new stake in shares of LG Display during the first quarter worth $42,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of LG Display during the first quarter worth $44,000. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of LG Display during the first quarter worth $45,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LPL. Wall Street Zen raised shares of LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group cut shares of LG Display from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley raised shares of LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce".

LG Display Trading Up 0.3%

LPL stock traded up $0.02 during mid-day trading on Wednesday, hitting $4.36. 610,402 shares of the company were exchanged, compared to its average volume of 609,115. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $4.36 billion, a P/E ratio of -10.37, a PEG ratio of 0.25 and a beta of 1.44. The business has a fifty day simple moving average of $3.79 and a 200-day simple moving average of $3.35. LG Display Co., Ltd. has a 12-month low of $2.43 and a 12-month high of $4.97.

LG Display (NYSE:LPL - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.07). The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. On average, equities research analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current fiscal 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.