LG Display Co. (LPL) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. reduced its position in shares of LG Display Co. (NYSE:LPL) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,899 shares of the company’s stock after selling 41 shares during the period. TD Asset Management Inc.’s holdings in LG Display were worth $149,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in LPL. UBS Group AG boosted its position in shares of LG Display by 29.9% in the first quarter. UBS Group AG now owns 979,146 shares of the company’s stock worth $11,191,000 after buying an additional 225,543 shares in the last quarter. Quentec Asset Management LLC boosted its stake in 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. Orbis Allan Gray Ltd bought a new stake in LG Display during the first quarter worth approximately $5,433,000. Emerald Acquisition Ltd. bought a new stake in LG Display during the second quarter worth approximately $3,904,000. Finally, OLD Mission Capital LLC bought a new stake in LG Display during the first quarter worth approximately $3,077,000. Institutional investors and hedge funds own 3.34% of the company’s stock.
Shares of LG Display Co. (NYSE:LPL) traded up 2.89% during mid-day trading on Wednesday, reaching $13.16. The company’s stock had a trading volume of 570,300 shares. The company has a market capitalization of $9.42 billion, a PE ratio of 102.02 and a beta of 1.16. LG Display Co. has a 52-week low of $8.43 and a 52-week high of $14.36. The firm’s 50 day moving average is $13.57 and its 200-day moving average is $11.79.
A number of research firms recently commented on LPL. Nomura upgraded LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. Zacks Investment Research upgraded LG Display from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, July 13th. Barclays PLC began coverage on LG Display in a research report on Tuesday, June 21st. They set an “overweight” rating and a $14.00 price objective for the company. Credit Agricole SA upgraded LG Display from a “sell” rating to an “outperform” rating in a research report on Wednesday, July 6th. Finally, Sanford C. Bernstein cut LG Display from an “outperform” rating to a “market perform” rating and set a $13.18 price objective for the company. in a research report on Friday, September 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. LG Display presently has a consensus rating of “Hold” and a consensus price target of $12.62.
About LG Display
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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