Strs Ohio maintained its stake in LG Display Co. (NYSE:LPL) during the second quarter, Holdings Channel reports. The institutional investor owned 192,000 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in LG Display were worth $2,225,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in LPL. Bessemer Group Inc. purchased a new stake in shares of LG Display during the first quarter worth about $992,000. NINE MASTS CAPITAL Ltd purchased a new stake in shares of LG Display during the first quarter worth about $2,709,000. OLD Mission Capital LLC purchased a new stake in shares of LG Display during the first quarter worth about $3,077,000. Orbis Allan Gray Ltd purchased a new stake in shares of LG Display during the first quarter worth about $5,433,000. Finally, Quentec Asset Management LLC raised its stake in shares of LG Display by 10.3% in the first quarter. Quentec Asset Management LLC now owns 614,680 shares of the company’s stock worth $7,025,000 after buying an additional 57,230 shares in the last quarter. 3.34% of the stock is currently owned by institutional investors.
Shares of LG Display Co. (NYSE:LPL) traded up 4.67% on Friday, hitting $13.44. The stock had a trading volume of 740,444 shares. The company has a 50-day moving average of $13.21 and a 200 day moving average of $12.01. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 102.21 and a beta of 1.04. LG Display Co. has a 52 week low of $8.43 and a 52 week high of $14.36.
Several research analysts have weighed in on the company. Sanford C. Bernstein lowered LG Display from an “outperform” rating to a “market perform” rating and set a $13.18 price target on the stock. in a research report on Friday, September 9th. They noted that the move was a valuation call. Zacks Investment Research lowered LG Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Bank of America Corp. raised LG Display from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Nomura raised LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. Finally, Credit Agricole SA raised LG Display from a “sell” rating to an “outperform” rating in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.62.
LG Display Company Profile
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display (TFT-LCD), organic light emitting diode (OLED) and other display panel technologies. It manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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