Vident Advisory LLC Acquires 123,994 Shares of LG Display Co., Ltd. $LPL

Key Points

• Vident Advisory LLC increased its stake in LG Display Co., Ltd. by 46.2% in the first quarter, owning a total of 392,350 shares valued at approximately $1.22 million.
• LG Display reported $0.62 earnings per share in its latest quarter, which was below the analysts' consensus estimate of $0.69, despite revenue exceeding expectations at $4.09 billion.
• Analyst ratings for LG Display are mixed, with UBS Group downgrading the stock to a "sell" rating while Morgan Stanley upgraded it to "equal weight".

Vident Advisory LLC grew its stake in shares of LG Display Co., Ltd. (NYSE:LPL - Free Report) by 46.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 392,350 shares of the electronics maker's stock after acquiring an additional 123,994 shares during the quarter. Vident Advisory LLC's holdings in LG Display were worth $1,220,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Ieq Capital LLC acquired a new stake in shares of LG Display during the first quarter worth approximately $65,000. American Century Companies Inc. lifted its stake in LG Display by 2.6% in the first quarter. American Century Companies Inc. now owns 1,349,061 shares of the electronics maker's stock valued at $4,196,000 after buying an additional 33,874 shares during the last quarter. Ethic Inc. lifted its stake in LG Display by 87.7% in the first 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 during the last quarter. PNC Financial Services Group Inc. lifted its stake in LG Display by 21.1% in the first quarter. PNC Financial Services Group Inc. now owns 106,695 shares of the electronics maker's stock valued at $332,000 after buying an additional 18,610 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of LG Display during the first quarter valued at about $44,000.

LG Display Stock Down 0.3%

Shares of LPL stock traded down $0.02 during trading on Tuesday, hitting $4.40. 205,478 shares of the company were exchanged, compared to its average volume of 290,231. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.62. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of -10.46, a P/E/G ratio of 0.26 and a beta of 1.41. LG Display Co., Ltd. has a twelve month low of $2.43 and a twelve month high of $4.97. The business's 50-day simple moving average is $3.94 and its 200 day simple moving average is $3.41.

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 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%. As a group, analysts forecast that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LPL. UBS Group cut shares of LG Display from a "neutral" rating to a "sell" rating in a research note on Wednesday, August 13th. Wall Street Zen raised LG Display from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Morgan Stanley upgraded shares of LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, LG Display 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.