Quentec Asset Management LLC Sells 92,142 Shares of LG Display Co Ltd. (LPL)

Quentec Asset Management LLC decreased its holdings in shares of LG Display Co Ltd. (NYSE:LPL) by 30.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,544 shares of the electronics maker’s stock after selling 92,142 shares during the period. LG Display comprises approximately 0.3% of Quentec Asset Management LLC’s holdings, making the stock its 23rd largest position. Quentec Asset Management LLC’s holdings in LG Display were worth $2,826,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in LG Display by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 13,964 shares of the electronics maker’s stock worth $191,000 after buying an additional 147 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in LG Display by 11.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 276,400 shares of the electronics maker’s stock worth $3,765,000 after purchasing an additional 28,700 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in LG Display by 428.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 76,363 shares of the electronics maker’s stock worth $1,040,000 after purchasing an additional 61,917 shares in the last quarter. US Bancorp DE lifted its stake in LG Display by 310.7% in the 2nd quarter. US Bancorp DE now owns 32,009 shares of the electronics maker’s stock worth $514,000 after purchasing an additional 24,215 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its stake in LG Display by 17.7% in the 2nd quarter. Wetherby Asset Management Inc. now owns 37,310 shares of the electronics maker’s stock worth $600,000 after purchasing an additional 5,619 shares in the last quarter. 4.06% of the stock is owned by hedge funds and other institutional investors.

Shares of LG Display Co Ltd. (LPL) traded down $0.43 during midday trading on Thursday, hitting $13.48. 935,900 shares of the stock traded hands, compared to its average volume of 658,580. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 1.07. The stock has a market cap of $9,954.41, a PE ratio of 4.25, a price-to-earnings-growth ratio of 0.37 and a beta of 0.48. LG Display Co Ltd. has a 52-week low of $11.91 and a 52-week high of $17.05.

Several analysts have commented on LPL shares. Cowen set a $16.00 price target on shares of LG Display and gave the stock a “buy” rating in a research note on Monday, October 23rd. Nomura reiterated a “neutral” rating on shares of LG Display in a research note on Thursday, October 19th. Zacks Investment Research cut shares of LG Display from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded shares of LG Display from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.50.

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LG Display 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.

Institutional Ownership by Quarter for LG Display (NYSE:LPL)

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