PDS Planning Inc Increases Position in LG Display Co., Ltd. $LPL

PDS Planning Inc lifted its holdings in LG Display Co., Ltd. (NYSE:LPL) by 41.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,675 shares of the electronics maker’s stock after purchasing an additional 19,411 shares during the period. PDS Planning Inc’s holdings in LG Display were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LPL. BSW Wealth Partners purchased a new position in shares of LG Display in the 1st quarter valued at about $42,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in LG Display during the 1st quarter worth approximately $44,000. Crestwood Advisors Group LLC purchased a new stake in LG Display during the 1st quarter worth approximately $45,000. Inspire Investing LLC purchased a new stake in LG Display during the 1st quarter worth approximately $45,000. Finally, Xponance Inc. purchased a new stake in LG Display during the 1st quarter worth approximately $51,000.

Wall Street Analyst Weigh In

Several research firms have commented on LPL. Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a research note on Wednesday, October 8th. UBS Group upgraded LG Display from a “sell” rating to a “neutral” rating in a research note on Tuesday, September 23rd. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

LG Display Trading Down 3.0%

Shares of LG Display stock opened at $5.32 on Monday. The stock has a market cap of $5.32 billion, a P/E ratio of -12.65, a P/E/G ratio of 0.29 and a beta of 1.49. The stock’s 50 day simple moving average is $4.63 and its 200-day simple moving average is $3.70. LG Display Co., Ltd. has a 1-year low of $2.43 and a 1-year high of $5.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37.

LG Display (NYSE:LPL) last issued its earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.07). The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. Analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the 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.