Vanguard Personalized Indexing Management LLC Increases Stock Position in LG Display Co., Ltd. $LPL

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in LG Display Co., Ltd. by 46.7%, acquiring an additional 82,207 shares and bringing its total to 258,161 shares valued at $883,000.
• LG Display's stock performance showed a negative earnings per share of $0.62 for the last quarter, falling short of analyst expectations, while revenue exceeded forecasts at $4.09 billion.
• Analyst ratings on LG Display are mixed, with UBS Group upgrading the stock to a "neutral" from a "sell," while Weiss Ratings maintained a "sell (d-)" rating, highlighting a consensus outlook of "Reduce."

Vanguard Personalized Indexing Management LLC boosted its stake in LG Display Co., Ltd. (NYSE:LPL - Free Report) by 46.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 258,161 shares of the electronics maker's stock after purchasing an additional 82,207 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in LG Display were worth $883,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LPL. 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. Cerity Partners LLC lifted its stake in LG Display by 498.6% in the 1st quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker's stock worth $400,000 after purchasing an additional 107,167 shares in the last quarter. Ethic Inc. raised its position in shares of LG Display by 87.7% during the 1st quarter. Ethic Inc. now owns 163,998 shares of the electronics maker's stock valued at $505,000 after buying an additional 76,633 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of LG Display by 1,380.7% in the 1st quarter. GAMMA Investing LLC now owns 68,423 shares of the electronics maker's stock valued at $213,000 after acquiring an additional 63,802 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of LG Display by 161.2% in 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 during the last quarter.

LG Display Stock Performance

LG Display stock opened at $5.17 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. LG Display Co., Ltd. has a 1-year low of $2.43 and a 1-year high of $5.67. The firm has a market capitalization of $5.17 billion, a P/E ratio of -12.30, a price-to-earnings-growth ratio of 0.28 and a beta of 1.49. The company's 50-day moving average is $4.75 and its 200 day moving average is $3.78.

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

Analyst Upgrades and Downgrades

LPL has been the subject of a number of analyst reports. UBS Group raised shares of 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 report on Wednesday, October 8th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce".

About LG Display

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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