Macquarie Group Ltd. Has $2.14 Million Stock Holdings in LG Display Co Ltd. (NYSE:LPL)

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Macquarie Group Ltd. lessened its position in LG Display Co Ltd. (NYSE:LPL) by 5.4% during the 2nd quarter, Holdings Channel reports. The firm owned 276,509 shares of the electronics maker’s stock after selling 15,900 shares during the quarter. Macquarie Group Ltd.’s holdings in LG Display were worth $2,143,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LPL. Corient Capital Partners LLC boosted its stake in shares of LG Display by 49.5% in the 2nd quarter. Corient Capital Partners LLC now owns 16,352 shares of the electronics maker’s stock valued at $127,000 after purchasing an additional 5,416 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of LG Display in the second quarter valued at about $130,000. Mizuho Securities Co. Ltd. raised its holdings in shares of LG Display by 487.8% in the second quarter. Mizuho Securities Co. Ltd. now owns 24,659 shares of the electronics maker’s stock valued at $191,000 after buying an additional 20,464 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of LG Display in the second quarter valued at about $197,000. Finally, Banco de Sabadell S.A bought a new position in shares of LG Display in the second quarter valued at about $227,000. Institutional investors own 2.78% of the company’s stock.

Several analysts have weighed in on LPL shares. ValuEngine raised LG Display from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. TheStreet cut LG Display from a “c-” rating to a “d+” rating in a report on Monday, August 5th. Finally, Zacks Investment Research cut LG Display from a “hold” rating to a “strong sell” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Shares of NYSE:LPL opened at $6.08 on Friday. The stock has a market capitalization of $4.35 billion, a P/E ratio of -23.38 and a beta of 0.88. LG Display Co Ltd. has a 1-year low of $5.08 and a 1-year high of $9.81. The company has a current ratio of 0.88, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $5.83 and a two-hundred day moving average price of $7.04.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.65) by ($0.01). The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.54 billion. LG Display had a negative return on equity of 2.89% and a negative net margin of 1.79%. As a group, equities analysts predict that LG Display Co Ltd. will post -1.34 EPS for the current year.

About LG Display

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

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