Sequoia Financial Advisors LLC Acquires 267,189 Shares of LG Display Co., Ltd. $LPL

Sequoia Financial Advisors LLC grew its holdings in LG Display Co., Ltd. (NYSE:LPL) by 112.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 504,582 shares of the electronics maker’s stock after purchasing an additional 267,189 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in LG Display were worth $1,963,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in shares of LG Display in the 2nd quarter valued at approximately $647,000. First Trust Advisors LP grew its holdings in LG Display by 135.3% during the first quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker’s stock valued at $891,000 after purchasing an additional 132,096 shares during the last quarter. Corient Private Wealth LP raised its position in shares of LG Display by 23.9% in the second quarter. Corient Private Wealth LP now owns 592,123 shares of the electronics maker’s stock valued at $2,303,000 after purchasing an additional 114,381 shares during the period. PNC Financial Services Group Inc. raised its position in shares of LG Display by 37.3% in the first quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker’s stock valued at $1,243,000 after purchasing an additional 87,055 shares during the period. Finally, West Family Investments Inc. lifted its stake in shares of LG Display by 198.8% in the second quarter. West Family Investments Inc. now owns 127,339 shares of the electronics maker’s stock worth $495,000 after buying an additional 84,729 shares during the last quarter.

LG Display Trading Down 5.6%

Shares of LPL stock opened at $3.12 on Tuesday. LG Display Co., Ltd. has a 1 year low of $2.76 and a 1 year high of $5.83. The firm’s fifty day simple moving average is $3.32 and its 200 day simple moving average is $4.06. The firm has a market capitalization of $3.12 billion, a P/E ratio of -3.43 and a beta of 1.71. The company has a current ratio of 0.63, a quick ratio of 0.37 and a debt-to-equity ratio of 0.96.

LG Display (NYSE:LPL) last issued its quarterly earnings results on Friday, August 14th. The electronics maker reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. As a group, sell-side analysts predict that LG Display Co., Ltd. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

LPL has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. Zacks Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About LG Display

LG Display Co, Ltd. is a South Korean display technology company that develops and manufactures display panels for televisions, monitors, notebook computers, mobile devices, automobiles and other applications. The company’s product portfolio includes OLED and LCD panels, with OLED technologies serving premium television, automotive and mobile markets.

LG Display supplies display solutions to consumer electronics manufacturers and automotive companies worldwide. Its business is organized around applications such as large-size displays, small- and medium-size displays, automotive displays and IT products, including monitors and laptop panels.