Diversified Trust Co purchased a new stake in shares of LG Display Co., Ltd. (NYSE:LPL) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 74,755 shares of the electronics maker’s stock, valued at approximately $1,201,000.
Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its position 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 period. Envestnet Asset Management Inc. boosted its position in shares of 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 period. US Bancorp DE boosted its position 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 period. World Asset Management Inc boosted its position in shares of 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 period. Finally, Comerica Bank boosted its position in shares of 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 period. Hedge funds and other institutional investors own 3.98% of the company’s stock.
Shares of LG Display Co., Ltd. (NYSE LPL) opened at 13.71 on Friday. The stock’s 50 day moving average is $15.83 and its 200 day moving average is $13.87. LG Display Co., Ltd. has a 52-week low of $11.26 and a 52-week high of $17.05. The firm has a market capitalization of $9.81 billion, a PE ratio of 4.69 and a beta of 0.36.
Several equities analysts have issued reports on the stock. CLSA cut shares of LG Display Co. from an “outperform” rating to an “underperform” rating in a research report on Thursday, April 27th. Zacks Investment Research cut shares of LG Display Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub cut shares of LG Display Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine upgraded shares of LG Display Co. from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Finally, UBS AG cut shares of LG Display Co. from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price 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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