Blue Trust Inc. Purchases 112,964 Shares of LG Display Co., Ltd. (NYSE:LPL)

Blue Trust Inc. increased its position in shares of LG Display Co., Ltd. (NYSE:LPL) by 61.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 296,355 shares of the electronics maker’s stock after purchasing an additional 112,964 shares during the period. Blue Trust Inc.’s holdings in LG Display were worth $910,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. QRG Capital Management Inc. purchased a new stake in LG Display in the 3rd quarter valued at about $42,000. Wealthstream Advisors Inc. purchased a new stake in shares of LG Display in the third quarter valued at approximately $64,000. Coldstream Capital Management Inc. increased its holdings in LG Display by 34.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock worth $88,000 after purchasing an additional 5,588 shares during the period. XTX Topco Ltd raised its position in LG Display by 130.6% during the 2nd quarter. XTX Topco Ltd now owns 28,199 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 15,968 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of LG Display by 341.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 31,668 shares of the electronics maker’s stock worth $130,000 after buying an additional 24,488 shares during the period.

LG Display Price Performance

Shares of LPL opened at $3.23 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.43. The stock has a market cap of $3.23 billion, a PE ratio of -1.34 and a beta of 1.33. LG Display Co., Ltd. has a 1-year low of $3.05 and a 1-year high of $4.86. The firm has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $3.69.

LG Display (NYSE:LPL) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.67). LG Display had a negative return on equity of 28.01% and a negative net margin of 9.42%. As a group, analysts forecast that LG Display Co., Ltd. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

LPL has been the subject of a number of analyst reports. Citigroup lowered LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd.

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.