Candriam Luxembourg S.C.A. cut its stake in shares of LG Display Co., Ltd. (NYSE:LPL) by 60.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,000 shares of the electronics maker’s stock after selling 120,000 shares during the period. Candriam Luxembourg S.C.A.’s holdings in LG Display Co. were worth $1,286,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in LG Display Co. by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 13,964 shares of the electronics maker’s stock valued at $191,000 after buying an additional 147 shares during the last quarter. Envestnet Asset Management Inc. raised its position in LG Display Co. by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 29,802 shares of the electronics maker’s stock valued at $407,000 after buying an additional 159 shares during the last quarter. US Bancorp DE raised its position in LG Display Co. by 6.5% in the first quarter. US Bancorp DE now owns 7,794 shares of the electronics maker’s stock valued at $106,000 after buying an additional 473 shares during the last quarter. World Asset Management Inc raised its position in LG Display Co. by 1.4% in the first quarter. World Asset Management Inc now owns 44,580 shares of the electronics maker’s stock valued at $607,000 after buying an additional 636 shares during the last quarter. Finally, Comerica Bank raised its position in LG Display Co. by 1.6% in the first quarter. Comerica Bank now owns 42,310 shares of the electronics maker’s stock valued at $544,000 after buying an additional 680 shares during the last quarter. Institutional investors and hedge funds own 3.95% of the company’s stock.

Shares of LG Display Co., Ltd. (NYSE LPL) opened at 12.96 on Friday. LG Display Co., Ltd. has a 1-year low of $11.26 and a 1-year high of $17.05. The firm has a 50-day moving average of $15.18 and a 200 day moving average of $13.86. The company has a market capitalization of $9.27 billion, a P/E ratio of 4.44 and a beta of 0.36.

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

About LG Display Co.

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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