Orbis Allan Gray Ltd continued to hold its stake in shares of LG Display Co., Ltd. (NYSE:LPL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 344,870 shares of the electronics maker’s stock at the end of the 2nd quarter. Orbis Allan Gray Ltd’s holdings in LG Display Co. were worth $5,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley grew its position in LG Display Co. by 18.1% during the first quarter. Morgan Stanley now owns 1,439,421 shares of the electronics maker’s stock valued at $19,604,000 after acquiring an additional 220,866 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of LG Display Co. by 33.8% in the 2nd quarter. Aperio Group LLC now owns 739,439 shares of the electronics maker’s stock worth $11,883,000 after acquiring an additional 186,817 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of LG Display Co. by 32.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 626,003 shares of the electronics maker’s stock worth $8,526,000 after acquiring an additional 153,260 shares during the last quarter. Bogle Investment Management L P DE lifted its holdings in shares of LG Display Co. by 81.0% in the 1st quarter. Bogle Investment Management L P DE now owns 312,675 shares of the electronics maker’s stock worth $4,258,000 after acquiring an additional 139,935 shares during the last quarter. Finally, NorthCoast Asset Management LLC bought a new stake in shares of LG Display Co. in the 2nd quarter worth approximately $1,359,000. 3.72% of the stock is owned by institutional investors and hedge funds.

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LG Display Co., Ltd. (NYSE:LPL) traded down 0.399% during mid-day trading on Wednesday, hitting $13.745. The stock had a trading volume of 69,252 shares. LG Display Co., Ltd. has a 12 month low of $11.26 and a 12 month high of $17.05. The stock’s 50-day moving average price is $13.84 and its 200-day moving average price is $14.20. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 4.855 and a beta of 0.32.

A number of brokerages have recently issued reports on LPL. ValuEngine raised shares of LG Display Co. from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Zacks Investment Research cut shares of LG Display Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub cut shares of LG Display Co. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. UBS AG cut shares of LG Display Co. from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 26th. Finally, Cowen and Company reissued a “buy” rating and issued a $20.40 price target on shares of LG Display Co. in a research note on Friday, July 28th. Five investment 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 company. LG Display Co. presently has a consensus rating of “Hold” and a consensus target price of $18.70.

About LG Display Co.

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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