LG Display Co., Ltd. $LPL Shares Sold by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in LG Display Co., Ltd. by 31.8%, selling 67,779 shares in the second quarter, leaving it with 145,357 shares valued at $497,000.
• Several investors increased their positions significantly, with Cerity Partners LLC raising its stake by 498.6% in the first quarter, now owning 128,662 shares worth $400,000.
• LG Display stock is currently priced at $5.40, having a negative PE ratio of -12.84 and a consensus rating of "Reduce" from analysts.

Public Employees Retirement System of Ohio lowered its position in LG Display Co., Ltd. (NYSE:LPL - Free Report) by 31.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 145,357 shares of the electronics maker's stock after selling 67,779 shares during the period. Public Employees Retirement System of Ohio's holdings in LG Display were worth $497,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LPL. Cerity Partners LLC raised its position in shares of LG Display by 498.6% in the first quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker's stock valued at $400,000 after buying an additional 107,167 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in LG Display by 161.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 99,944 shares of the electronics maker's stock valued at $311,000 after acquiring an additional 61,679 shares in the last quarter. Ethic Inc. raised its holdings in LG Display by 87.7% in the 1st quarter. Ethic Inc. now owns 163,998 shares of the electronics maker's stock valued at $505,000 after acquiring an additional 76,633 shares during the last quarter. Vident Advisory LLC lifted its stake in LG Display by 46.2% in the 1st quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker's stock worth $1,220,000 after purchasing an additional 123,994 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of LG Display by 1,380.7% during the 1st quarter. GAMMA Investing LLC now owns 68,423 shares of the electronics maker's stock worth $213,000 after purchasing an additional 63,802 shares during the last quarter.

LG Display Stock Performance

NYSE LPL opened at $5.40 on Monday. The stock has a fifty day simple moving average of $4.48 and a 200-day simple moving average of $3.63. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. The stock has a market cap of $5.40 billion, a PE ratio of -12.84, a P/E/G ratio of 0.32 and a beta of 1.49. LG Display Co., Ltd. has a twelve month low of $2.43 and a twelve month high of $5.44.

LG Display (NYSE:LPL - Get Free Report) last posted its earnings results on Thursday, August 14th. The electronics maker reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.07). LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.85 billion. Equities analysts anticipate that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on LPL shares. UBS Group raised LG Display from a "sell" rating to a "neutral" rating in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LG Display in a research note on Saturday, September 27th. Finally, Morgan Stanley upgraded LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".

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.

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