JPMorgan Chase & Co. decreased its holdings in LG Display Co., Ltd. (NYSE:LPL - Free Report) by 75.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,539 shares of the electronics maker's stock after selling 107,754 shares during the period. JPMorgan Chase & Co.'s holdings in LG Display were worth $106,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in LPL. Savant Capital LLC bought a new position in LG Display during the fourth quarter valued at approximately $38,000. Caprock Group LLC boosted its stake in LG Display by 48.7% during the fourth quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker's stock valued at $53,000 after buying an additional 5,618 shares during the last quarter. PDS Planning Inc boosted its stake in LG Display by 16.7% during the fourth quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker's stock valued at $73,000 after buying an additional 3,401 shares during the last quarter. Natural Investments LLC bought a new position in LG Display during the fourth quarter valued at approximately $94,000. Finally, Schechter Investment Advisors LLC boosted its stake in LG Display by 82.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 36,062 shares of the electronics maker's stock valued at $111,000 after buying an additional 16,254 shares during the last quarter.
Analyst Ratings Changes
Separately, Bank of America started coverage on LG Display in a research note on Thursday, April 24th. They set a "neutral" rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold".
Check Out Our Latest Analysis on LPL
LG Display Trading Up 1.3%
Shares of NYSE LPL traded up $0.04 during trading hours on Friday, hitting $3.09. 171,635 shares of the company traded hands, compared to its average volume of 224,833. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of -1.28 and a beta of 1.41. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 1.00. The company's 50 day moving average price is $3.00 and its 200 day moving average price is $3.21. LG Display Co., Ltd. has a 12 month low of $2.43 and a 12 month high of $4.86.
About LG Display
(
Free Report)
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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