Citadel Advisors LLC Acquires New Stake in LG Display Co., Ltd. (LPL)

Citadel Advisors LLC purchased a new stake in LG Display Co., Ltd. (NYSE:LPL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,024 shares of the electronics maker’s stock, valued at approximately $241,000.

Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in LG Display Co. by 13.0% in the second quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock valued at $120,000 after acquiring an additional 857 shares during the period. US Bancorp DE grew 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 acquiring an additional 473 shares during the period. Athos Capital Ltd bought a new stake in LG Display Co. in the second quarter valued at $160,000. Dixon Hubard Feinour & Brown Inc. VA bought a new stake in LG Display Co. in the second quarter valued at $170,000. Finally, Ameriprise Financial Inc. bought a new stake in LG Display Co. in the first quarter valued at $149,000. Hedge funds and other institutional investors own 3.72% of the company’s stock.

A number of analysts have weighed in on LPL shares. Cowen and Company reiterated a “buy” rating and issued a $20.40 price target on shares of LG Display Co. in a research report on Friday, July 28th. Zacks Investment Research upgraded LG Display Co. from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, July 25th. BidaskClub cut LG Display Co. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, UBS AG lowered LG Display Co. from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.70.

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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.

Institutional Ownership by Quarter for LG Display Co. (NYSE:LPL)

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