Sequoia Financial Advisors LLC Sells 9,198 Shares of LG Display Co., Ltd. (NYSE:LPL)

Sequoia Financial Advisors LLC reduced its stake in shares of LG Display Co., Ltd. (NYSE:LPL) by 15.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 52,277 shares of the electronics maker’s stock after selling 9,198 shares during the period. Sequoia Financial Advisors LLC’s holdings in LG Display were worth $252,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in LG Display by 82.7% during the 1st quarter. BlackRock Inc. now owns 779,380 shares of the electronics maker’s stock worth $6,438,000 after purchasing an additional 352,719 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of LG Display by 6.6% in the third quarter. American Century Companies Inc. now owns 740,685 shares of the electronics maker’s stock valued at $3,615,000 after acquiring an additional 46,131 shares in the last quarter. State Street Corp grew its holdings in shares of LG Display by 1.9% in the third quarter. State Street Corp now owns 645,527 shares of the electronics maker’s stock valued at $2,634,000 after acquiring an additional 12,061 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of LG Display by 2.4% in the third quarter. Rhumbline Advisers now owns 462,558 shares of the electronics maker’s stock valued at $2,257,000 after acquiring an additional 11,005 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of LG Display by 12.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 205,702 shares of the electronics maker’s stock valued at $1,004,000 after acquiring an additional 22,296 shares in the last quarter.

LG Display Price Performance

LG Display stock opened at $3.87 on Friday. LG Display Co., Ltd. has a 12 month low of $3.67 and a 12 month high of $6.68. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 1.30. The business’s 50 day simple moving average is $4.15 and its 200 day simple moving average is $4.56. The company has a market cap of $3.87 billion, a price-to-earnings ratio of -1.31 and a beta of 1.43.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Friday, March 8th. The electronics maker reported $0.06 EPS for the quarter. LG Display had a negative return on equity of 27.97% and a negative net margin of 12.93%. The business had revenue of $5.61 billion for the quarter. Sell-side analysts forecast that LG Display Co., Ltd. will post -0.9 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

LG Display Profile

LG Display Co, Ltd., together with its subsidiaries, 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.