Parallel Advisors LLC Sells 3,926 Shares of LG Display Co Ltd. (NYSE:LPL)

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Parallel Advisors LLC lessened its stake in LG Display Co Ltd. (NYSE:LPL) by 49.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,965 shares of the electronics maker’s stock after selling 3,926 shares during the period. Parallel Advisors LLC’s holdings in LG Display were worth $31,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Penserra Capital Management LLC raised its position in shares of LG Display by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 5,058 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 1,686 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of LG Display by 67.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 6,211 shares of the electronics maker’s stock worth $54,000 after buying an additional 2,503 shares during the last quarter. Corient Capital Partners LLC acquired a new position in shares of LG Display during the 1st quarter worth about $95,000. Signaturefd LLC boosted its stake in shares of LG Display by 12.8% during the 1st quarter. Signaturefd LLC now owns 15,157 shares of the electronics maker’s stock worth $131,000 after buying an additional 1,716 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in shares of LG Display during the 1st quarter worth about $138,000. Hedge funds and other institutional investors own 2.64% of the company’s stock.

Shares of NYSE:LPL traded up $0.04 during midday trading on Wednesday, hitting $5.21. 440 shares of the company’s stock were exchanged, compared to its average volume of 484,583. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.63. The stock has a 50 day moving average price of $6.08 and a 200-day moving average price of $7.74. The company has a market cap of $3.70 billion, a PE ratio of -19.88 and a beta of 0.91. LG Display Co Ltd. has a 12 month low of $5.08 and a 12 month high of $9.90.

A number of research firms have recently commented on LPL. Zacks Investment Research downgraded shares of LG Display from a “hold” rating to a “strong sell” rating in a research note on Friday, August 23rd. TheStreet downgraded shares of LG Display from a “c-” rating to a “d+” rating in a research note on Monday, August 5th. Finally, ValuEngine upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.00.

LG Display Profile

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

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