Renaissance Technologies LLC Has $684,000 Stock Holdings in LG Display Co., Ltd. $LPL

Renaissance Technologies LLC decreased its stake in LG Display Co., Ltd. (NYSE:LPL) by 67.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 176,400 shares of the electronics maker’s stock after selling 363,700 shares during the quarter. Renaissance Technologies LLC’s holdings in LG Display were worth $684,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. grew its holdings in shares of LG Display by 46.4% during the 1st quarter. Sei Investments Co. now owns 55,762 shares of the electronics maker’s stock valued at $216,000 after acquiring an additional 17,665 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of LG Display by 18.8% during the first quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock worth $57,000 after acquiring an additional 2,308 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of LG Display by 135.3% during the first quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker’s stock worth $891,000 after acquiring an additional 132,096 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in LG Display by 37.3% during the first quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker’s stock valued at $1,243,000 after purchasing an additional 87,055 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in LG Display by 2,561,700.0% during the first quarter. Parallel Advisors LLC now owns 25,618 shares of the electronics maker’s stock valued at $99,000 after purchasing an additional 25,617 shares during the last quarter.

LG Display Price Performance

Shares of LPL stock opened at $3.50 on Monday. The firm’s 50 day moving average is $3.71 and its 200-day moving average is $4.18. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of -174.75 and a beta of 1.69. LG Display Co., Ltd. has a 1 year low of $2.76 and a 1 year high of $5.83. The company has a current ratio of 0.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.63.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Wednesday, July 1st. The electronics maker reported ($0.26) earnings per share for the quarter. The business had revenue of $3.62 billion for the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%. Sell-side analysts forecast that LG Display Co., Ltd. will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on LPL. Zacks Research lowered shares of LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Weiss Ratings cut shares of LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

LG Display Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.