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Diversified Trust Co Acquires Shares of 74,755 LG Display Co., Ltd. (LPL)
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Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of 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. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in shares of LG Display Co. during the second quarter valued at approximately $170,000. Ameriprise Financial Inc. purchased a new stake in shares of LG Display Co. during the first quarter valued at approximately $149,000. Bank of New York Mellon Corp increased its stake in shares of 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. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of LG Display Co. during the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 3.93% of the company’s stock.
LG Display Co., Ltd. (NYSE:LPL) traded up 1.89% during trading on Wednesday, reaching $16.70. 158,355 shares of the company traded hands. LG Display Co., Ltd. has a 52 week low of $11.26 and a 52 week high of $17.05. The firm has a 50-day moving average price of $15.99 and a 200-day moving average price of $13.78. The company has a market capitalization of $11.95 billion, a P/E ratio of 8.85 and a beta of 0.39.
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Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of LG Display Co. from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. BidaskClub cut shares of LG Display Co. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. 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, CLSA cut shares of LG Display Co. from an “outperform” rating to an “underperform” rating in a research note on Thursday, April 27th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.09.
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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