Northern Trust Corp Boosts Stake in LG Display Co., Ltd. (LPL)

Northern Trust Corp lifted its holdings in LG Display Co., Ltd. (NYSE:LPL) by 13.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,899 shares of the electronics maker’s stock after buying an additional 48,334 shares during the period. Northern Trust Corp owned approximately 0.06% of LG Display Co. worth $6,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp lifted 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 worth $191,000 after buying an additional 147 shares in the last quarter. Wells Fargo & Company MN raised its stake in LG Display Co. by 0.7% during the second quarter. Wells Fargo & Company MN now owns 71,816 shares of the electronics maker’s stock worth $1,154,000 after purchasing an additional 476 shares during the period. BNP Paribas Arbitrage SA raised its stake in LG Display Co. by 13.0% during the second quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock worth $120,000 after purchasing an additional 857 shares during the period. Nationwide Fund Advisors raised its stake in LG Display Co. by 1.7% during the second quarter. Nationwide Fund Advisors now owns 52,400 shares of the electronics maker’s stock worth $842,000 after purchasing an additional 900 shares during the period. Finally, Greenleaf Trust raised its stake in LG Display Co. by 12.2% during the second quarter. Greenleaf Trust now owns 20,539 shares of the electronics maker’s stock worth $330,000 after purchasing an additional 2,230 shares during the period. 3.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have commented on LPL shares. Zacks Investment Research raised shares of LG Display Co. from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, July 25th. UBS AG downgraded shares of LG Display Co. from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Cowen and Company reaffirmed a “buy” rating and set a $20.40 target price on shares of LG Display Co. in a research note on Sunday, September 10th. Nomura reaffirmed a “neutral” rating on shares of LG Display Co. in a research note on Thursday, October 19th. Finally, BidaskClub downgraded shares of LG Display Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.50.

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Shares of LG Display Co., Ltd. (LPL) opened at $13.32 on Tuesday. LG Display Co., Ltd. has a 12-month low of $11.29 and a 12-month high of $17.05. The firm has a market cap of $9,661.00, a PE ratio of 4.13, a price-to-earnings-growth ratio of 0.36 and a beta of 0.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.13 and a current ratio of 1.47.

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

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