NINE MASTS CAPITAL Ltd Reduces Stake in LG Display Co Ltd. (LPL)
NINE MASTS CAPITAL Ltd trimmed its stake in shares of LG Display Co Ltd. (NYSE:LPL) by 32.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 184,128 shares of the electronics maker’s stock after selling 89,516 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in LG Display were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Regal Investment Advisors LLC acquired a new stake in shares of LG Display during the 2nd quarter worth approximately $123,000. Miller Value Partners LLC acquired a new stake in shares of LG Display during the 2nd quarter worth approximately $129,000. BlackRock Inc. acquired a new stake in shares of LG Display during the 2nd quarter worth approximately $347,000. Stevens Capital Management LP acquired a new stake in shares of LG Display during the 2nd quarter worth approximately $520,000. Finally, Hsbc Holdings PLC raised its position in shares of LG Display by 466.3% during the 3rd quarter. Hsbc Holdings PLC now owns 70,147 shares of the electronics maker’s stock worth $607,000 after purchasing an additional 57,761 shares during the period. Institutional investors and hedge funds own 2.90% of the company’s stock.
A number of equities analysts recently issued reports on LPL shares. Zacks Investment Research raised LG Display from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. Citigroup started coverage on LG Display in a report on Thursday. They issued a “buy” rating for the company. Finally, CLSA lowered LG Display from an “outperform” rating to an “underperform” rating in a report on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. LG Display presently has a consensus rating of “Hold” and a consensus target price of $15.00.
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About LG Display
LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.
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