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.
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