Bank of America Corp DE cut its position in shares of LG Display Co., Ltd. (NYSE:LPL) by 38.0% during the first quarter, Holdings Channel reports. The institutional investor owned 176,354 shares of the electronics maker’s stock after selling 107,863 shares during the period. Bank of America Corp DE’s holdings in LG Display Co. were worth $2,402,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LPL. Macquarie Group Ltd. boosted its stake in shares of LG Display Co. by 24.6% in the fourth quarter. Macquarie Group Ltd. now owns 234,621 shares of the electronics maker’s stock worth $3,015,000 after buying an additional 46,312 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new stake in shares of LG Display Co. during the first quarter worth about $2,724,000. Nationwide Fund Advisors boosted its stake in shares of LG Display Co. by 3.8% in the first quarter. Nationwide Fund Advisors now owns 51,500 shares of the electronics maker’s stock worth $701,000 after buying an additional 1,900 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of LG Display Co. by 5.6% in the first quarter. Profund Advisors LLC now owns 62,575 shares of the electronics maker’s stock worth $852,000 after buying an additional 3,293 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of LG Display Co. by 9.8% in the first quarter. Russell Investments Group Ltd. now owns 359,349 shares of the electronics maker’s stock worth $4,894,000 after buying an additional 32,087 shares in the last quarter. Institutional investors and hedge funds own 3.95% of the company’s stock.

Shares of LG Display Co., Ltd. (LPL) traded up 2.43% during mid-day trading on Friday, reaching $13.08. The company’s stock had a trading volume of 277,495 shares. LG Display Co., Ltd. has a 52-week low of $11.26 and a 52-week high of $17.05. The company has a market cap of $9.36 billion, a PE ratio of 4.48 and a beta of 0.36. The company has a 50-day moving average price of $15.27 and a 200 day moving average price of $13.87.

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LPL has been the topic of a number of research reports. Zacks Investment Research upgraded LG Display Co. from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday, April 14th. CLSA lowered LG Display Co. from an “outperform” rating to an “underperform” rating in a report on Thursday, April 27th. ValuEngine raised LG Display Co. from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. BidaskClub lowered LG Display Co. from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Finally, UBS AG lowered LG Display Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.86.

LG Display Co. Company Profile

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company 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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Institutional Ownership by Quarter for LG Display Co. (NYSE:LPL)

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