Alera Investment Advisors LLC Raises Holdings in LG Display Co., Ltd. (NYSE:LPL)

Alera Investment Advisors LLC raised its holdings in shares of LG Display Co., Ltd. (NYSE:LPL) by 32.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,431 shares of the electronics maker’s stock after purchasing an additional 3,517 shares during the period. Alera Investment Advisors LLC’s holdings in LG Display were worth $59,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its stake in LG Display by 69.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock valued at $364,000 after purchasing an additional 36,483 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in LG Display by 101.2% during the 1st quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker’s stock valued at $326,000 after purchasing an additional 40,035 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in LG Display by 33.0% during the 1st quarter. Sivia Capital Partners LLC now owns 35,186 shares of the electronics maker’s stock valued at $144,000 after purchasing an additional 8,732 shares during the last quarter. Inspire Advisors LLC boosted its stake in LG Display by 21.6% during the 1st quarter. Inspire Advisors LLC now owns 33,078 shares of the electronics maker’s stock valued at $136,000 after purchasing an additional 5,876 shares during the last quarter. Finally, Intelligence Driven Advisers LLC boosted its stake in LG Display by 60.3% during the 1st quarter. Intelligence Driven Advisers LLC now owns 31,435 shares of the electronics maker’s stock valued at $129,000 after purchasing an additional 11,827 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LPL shares. StockNews.com downgraded LG Display from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 10th.

LG Display Stock Performance

Shares of LPL stock traded down $0.03 on Friday, reaching $4.45. The stock had a trading volume of 140,476 shares, compared to its average volume of 278,115. The stock has a market cap of $4.45 billion, a P/E ratio of -1.83 and a beta of 1.37. LG Display Co., Ltd. has a 1 year low of $3.45 and a 1 year high of $5.77. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.49 and a current ratio of 0.73. The company has a 50 day simple moving average of $3.98 and a 200 day simple moving average of $4.20.

LG Display (NYSE:LPL) last released its quarterly earnings results on Thursday, May 16th. The electronics maker reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.24). The firm had revenue of $4.20 billion during the quarter. LG Display had a negative return on equity of 24.29% and a negative net margin of 10.46%. Equities research analysts expect that LG Display Co., Ltd. will post -0.99 EPS for the current year.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the 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.