LG Display Co., Ltd. (LPL) Holdings Raised by Axa
Axa boosted its position in LG Display Co., Ltd. (NYSE:LPL) by 13.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,845 shares of the electronics maker’s stock after purchasing an additional 2,474 shares during the period. Axa’s holdings in LG Display Co. were worth $335,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in LG Display Co. by 13.0% in the 2nd 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 in the last quarter. US Bancorp DE grew its position in LG Display Co. by 6.5% in the 1st quarter. US Bancorp DE now owns 7,794 shares of the electronics maker’s stock worth $106,000 after purchasing an additional 473 shares in the last quarter. Athos Capital Ltd bought a new stake in LG Display Co. in the 2nd quarter worth about $160,000. Dixon Hubard Feinour & Brown Inc. VA bought a new stake in LG Display Co. in the 2nd quarter worth about $170,000. Finally, Ameriprise Financial Inc. bought a new stake in LG Display Co. in the 1st quarter worth about $149,000. 3.72% of the stock is owned by institutional investors and hedge funds.
LG Display Co., Ltd. (NYSE LPL) opened at 13.53 on Thursday. The firm has a 50-day moving average of $13.78 and a 200-day moving average of $14.10. LG Display Co., Ltd. has a 1-year low of $11.26 and a 1-year high of $17.05. The stock has a market capitalization of $9.68 billion, a PE ratio of 4.78 and a beta of 0.35.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of LG Display Co. from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub downgraded shares of LG Display Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. UBS AG downgraded shares of LG Display Co. from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 26th. ValuEngine raised shares of LG Display Co. from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $20.40 price objective on shares of LG Display Co. in a research report on Sunday, September 10th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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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