LG Display Co., Ltd. (NYSE:LPL) Shares Sold by World Asset Management Inc

World Asset Management Inc cut its position in LG Display Co., Ltd. (NYSE:LPL) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,147 shares of the electronics maker’s stock after selling 2,433 shares during the period. World Asset Management Inc’s holdings in LG Display Co. were worth $677,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in LG Display Co. by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 13,964 shares of the electronics maker’s stock valued at $191,000 after buying an additional 147 shares in the last quarter. Envestnet Asset Management Inc. raised its position in LG Display Co. by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 29,802 shares of the electronics maker’s stock valued at $407,000 after buying an additional 159 shares in the last quarter. US Bancorp DE raised its position in LG Display Co. by 6.5% in the first quarter. US Bancorp DE now owns 7,794 shares of the electronics maker’s stock valued at $106,000 after buying an additional 473 shares in the last quarter. Comerica Bank raised its position in LG Display Co. by 1.6% in the first quarter. Comerica Bank now owns 42,310 shares of the electronics maker’s stock valued at $544,000 after buying an additional 680 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in LG Display Co. by 3.8% in the first quarter. Nationwide Fund Advisors now owns 51,500 shares of the electronics maker’s stock valued at $701,000 after buying an additional 1,900 shares in the last quarter. 3.88% of the stock is owned by institutional investors.

Shares of LG Display Co., Ltd. (NYSE LPL) traded up 1.38% during midday trading on Friday, hitting $13.18. 578,200 shares of the stock were exchanged. The stock has a 50 day moving average price of $14.71 and a 200-day moving average price of $13.85. The company has a market cap of $9.43 billion, a PE ratio of 4.68 and a beta of 0.36. LG Display Co., Ltd. has a 12 month low of $11.26 and a 12 month high of $17.05.

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LPL has been the topic of several analyst reports. Zacks Investment Research lowered shares of LG Display Co. from a “buy” rating to a “strong sell” rating in a report on Friday, April 28th. BidaskClub lowered shares of LG Display Co. from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. CLSA lowered shares of LG Display Co. from an “outperform” rating to an “underperform” rating in a report on Thursday, April 27th. UBS AG lowered shares of LG Display Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $20.40 price target on shares of LG Display Co. in a report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.86.

LG Display Co. Company Profile

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

Institutional Ownership by Quarter for LG Display Co. (NYSE:LPL)

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