Intelligence Driven Advisers LLC Purchases 5,935 Shares of LG Display Co., Ltd. (NYSE:LPL)

Intelligence Driven Advisers LLC boosted its position in shares of LG Display Co., Ltd. (NYSE:LPL) by 43.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,608 shares of the electronics maker’s stock after acquiring an additional 5,935 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in LG Display were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPL. CWM LLC raised its stake in LG Display by 31.2% during the 3rd quarter. CWM LLC now owns 10,822 shares of the electronics maker’s stock worth $53,000 after acquiring an additional 2,571 shares during the period. Xponance Inc. purchased a new stake in LG Display during the 3rd quarter valued at approximately $50,000. Advisor Partners II LLC grew its holdings in LG Display by 27.7% during the 3rd quarter. Advisor Partners II LLC now owns 33,930 shares of the electronics maker’s stock valued at $166,000 after buying an additional 7,363 shares in the last quarter. Ieq Capital LLC purchased a new stake in LG Display during the 3rd quarter valued at approximately $61,000. Finally, Rhumbline Advisers grew its holdings in LG Display by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 462,558 shares of the electronics maker’s stock valued at $2,257,000 after buying an additional 11,005 shares in the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

LG Display Stock Performance

LPL remained flat at $4.15 during trading on Thursday. 61,370 shares of the company’s stock were exchanged, compared to its average volume of 406,171. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 1.30. LG Display Co., Ltd. has a twelve month low of $3.67 and a twelve month high of $6.68. The business’s 50-day simple moving average is $4.07 and its two-hundred day simple moving average is $4.53. The stock has a market capitalization of $4.15 billion, a P/E ratio of -1.40 and a beta of 1.42.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Friday, March 8th. The electronics maker reported $0.06 earnings per share for the quarter. LG Display had a negative net margin of 12.93% and a negative return on equity of 27.97%. The company had revenue of $5.61 billion for the quarter. As a group, sell-side analysts expect that LG Display Co., Ltd. will post -0.98 earnings per share for the current fiscal year.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.