Renaissance Technologies LLC Grows Position in LG Display Co Ltd. (LPL)

Renaissance Technologies LLC lifted its stake in shares of LG Display Co Ltd. (NYSE:LPL) by 128.3% during the second quarter, HoldingsChannel.com reports. The fund owned 166,900 shares of the electronics maker’s stock after buying an additional 93,800 shares during the quarter. Renaissance Technologies LLC’s holdings in LG Display were worth $1,375,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LPL. Regal Investment Advisors LLC acquired a new position in LG Display during the second quarter worth $123,000. BlackRock Inc. acquired a new position in LG Display during the second quarter worth $347,000. Stevens Capital Management LP acquired a new position in LG Display during the second quarter worth $520,000. Schwab Charles Investment Management Inc. raised its holdings in LG Display by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 486,214 shares of the electronics maker’s stock worth $4,007,000 after buying an additional 30,179 shares during the last quarter. Finally, LMR Partners LLP raised its holdings in LG Display by 131.2% during the second quarter. LMR Partners LLP now owns 2,268,673 shares of the electronics maker’s stock worth $18,623,000 after buying an additional 1,287,377 shares during the last quarter. Institutional investors own 3.01% of the company’s stock.

LPL opened at $7.16 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.99. LG Display Co Ltd. has a 1-year low of $6.75 and a 1-year high of $15.88. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 2.98 and a beta of 0.87.



LG Display (NYSE:LPL) last released its quarterly earnings data on Tuesday, August 14th. The electronics maker reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.31). LG Display had a return on equity of 0.97% and a net margin of 0.56%. The business had revenue of $5.22 billion for the quarter. On average, equities research analysts anticipate that LG Display Co Ltd. will post -0.39 earnings per share for the current year.

Several research analysts have weighed in on the stock. CLSA downgraded shares of LG Display from an “outperform” rating to an “underperform” rating in a report on Wednesday, October 24th. Zacks Investment Research downgraded shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 9th. Finally, HSBC upgraded shares of LG Display from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $15.00.

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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