NINE MASTS CAPITAL Ltd reduced its position in shares of LG Display Co Ltd. (NYSE:LPL) by 57.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 109,433 shares of the electronics maker’s stock after selling 145,617 shares during the period. NINE MASTS CAPITAL Ltd’s holdings in LG Display were worth $940,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in shares of LG Display by 173.1% during the 4th quarter. Parallel Advisors LLC now owns 4,408 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 2,794 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of LG Display by 55.8% during the 1st quarter. Lindbrook Capital LLC now owns 4,358 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 1,560 shares in the last quarter. Investors Research Corp purchased a new position in shares of LG Display during the 1st quarter valued at $53,000. Cornerstone Advisors Inc. grew its holdings 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 valued at $54,000 after acquiring an additional 2,503 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of LG Display during the 4th quarter valued at $102,000. Institutional investors and hedge funds own 2.85% of the company’s stock.
Several equities analysts have recently commented on LPL shares. Zacks Investment Research upgraded shares of LG Display from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Tuesday, January 29th. Daiwa Capital Markets cut shares of LG Display from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 24th. ValuEngine upgraded shares of LG Display from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 15th. HSBC cut shares of LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, BNP Paribas upgraded shares of LG Display from a “reduce” rating to a “hold” rating in a report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.25.
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LG Display Company 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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