LG Display Co., Ltd. (NYSE:LPL – Get Rating) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company.
Several equities analysts have recently weighed in on LPL shares. Morgan Stanley raised shares of LG Display from an “underweight” rating to an “overweight” rating in a report on Tuesday, October 4th. StockNews.com initiated coverage on shares of LG Display in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, TheStreet cut shares of LG Display from a “c-” rating to a “d+” rating in a research note on Wednesday, September 7th.
Institutional Investors Weigh In On LG Display
Institutional investors have recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. boosted its stake in LG Display by 641.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 8,051 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 6,965 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in LG Display during the 3rd quarter worth $51,000. Jane Street Group LLC acquired a new stake in LG Display during the 3rd quarter worth $60,000. Balyasny Asset Management LLC acquired a new stake in LG Display during the 3rd quarter worth $64,000. Finally, Alera Investment Advisors LLC boosted its stake in LG Display by 18.7% during the 2nd quarter. Alera Investment Advisors LLC now owns 12,203 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 1,925 shares during the last quarter. Institutional investors and hedge funds own 2.39% of the company’s stock.
LG Display Price Performance
About LG Display
LG Display Co, Ltd. engages in the design, 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.
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