Jane Street Group LLC Sells 193,484 Shares of LG Display Co., Ltd. (NYSE:LPL)

Jane Street Group LLC trimmed its holdings in LG Display Co., Ltd. (NYSE:LPL - Free Report) by 83.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,363 shares of the electronics maker's stock after selling 193,484 shares during the quarter. Jane Street Group LLC's holdings in LG Display were worth $118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. PDS Planning Inc boosted its stake in LG Display by 16.7% in the 4th quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker's stock worth $73,000 after purchasing an additional 3,401 shares during the period. Caprock Group LLC boosted its stake in LG Display by 48.7% in the 4th quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker's stock worth $53,000 after purchasing an additional 5,618 shares during the period. Rhumbline Advisers boosted its stake in LG Display by 1.9% in the 4th quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker's stock worth $1,090,000 after purchasing an additional 6,484 shares during the period. Savant Capital LLC bought a new position in LG Display in the 4th quarter worth approximately $38,000. Finally, Northern Trust Corp boosted its stake in LG Display by 28.7% in the 4th quarter. Northern Trust Corp now owns 68,631 shares of the electronics maker's stock worth $211,000 after purchasing an additional 15,290 shares during the period.

LG Display Stock Down 0.2%

NYSE LPL opened at $3.24 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.43 and a current ratio of 0.64. The company has a market capitalization of $3.24 billion, a P/E ratio of -1.34 and a beta of 1.44. LG Display Co., Ltd. has a one year low of $2.43 and a one year high of $4.86. The stock has a 50 day moving average price of $2.96 and a 200-day moving average price of $3.15.

LG Display (NYSE:LPL - Get Free Report) last posted its earnings results on Thursday, May 15th. The electronics maker reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.33 billion. LG Display had a negative net margin of 9.42% and a negative return on equity of 29.08%. As a group, equities analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Bank of America initiated coverage on LG Display in a research note on Thursday, April 24th. They issued a "neutral" rating for the company. Wall Street Zen upgraded LG Display from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold".

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.

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