BNP Paribas Financial Markets Has $251,000 Stake in LG Display Co., Ltd. (NYSE:LPL)

BNP Paribas Financial Markets decreased its position in LG Display Co., Ltd. (NYSE:LPL) by 16.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 62,022 shares of the electronics maker’s stock after selling 12,624 shares during the quarter. BNP Paribas Financial Markets’ holdings in LG Display were worth $251,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LPL. Connor Clark & Lunn Investment Management Ltd. grew its position in LG Display by 27.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock worth $5,270,000 after acquiring an additional 283,441 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of LG Display by 546.6% in the 3rd quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock valued at $756,000 after purchasing an additional 155,030 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in LG Display by 341.1% in the second quarter. Cubist Systematic Strategies LLC now owns 31,668 shares of the electronics maker’s stock worth $130,000 after purchasing an additional 24,488 shares in the last quarter. Caprock Group LLC acquired a new position in LG Display during the second quarter worth $50,000. Finally, Natixis Advisors LLC bought a new position in LG Display during the second quarter valued at about $224,000.

Wall Street Analysts Forecast Growth

LPL has been the subject of several recent analyst reports. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. cut LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup downgraded LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. Finally, StockNews.com cut shares of LG Display from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

LG Display Stock Up 0.6 %

LPL stock opened at $3.20 on Tuesday. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of -1.83 and a beta of 1.33. The company has a 50-day moving average of $3.56 and a two-hundred day moving average of $3.87. LG Display Co., Ltd. has a 52-week low of $3.10 and a 52-week high of $5.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.43.

LG Display Profile

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.