NINE MASTS CAPITAL Ltd lessened its stake in shares of LG Display Co Ltd. (NYSE:LPL) by 32.7% in the third quarter, Holdings Channel reports. The fund owned 184,128 shares of the electronics maker’s stock after selling 89,516 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in LG Display were worth $1,585,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Regal Investment Advisors LLC acquired a new stake in shares of LG Display during the 2nd quarter valued at $123,000. Miller Value Partners LLC acquired a new stake in shares of LG Display during the 2nd quarter valued at $129,000. BlackRock Inc. acquired a new stake in shares of LG Display during the 2nd quarter valued at $347,000. Stevens Capital Management LP acquired a new stake in shares of LG Display during the 2nd quarter valued at $520,000. Finally, Hsbc Holdings PLC lifted its position in shares of LG Display by 466.3% during the 3rd quarter. Hsbc Holdings PLC now owns 70,147 shares of the electronics maker’s stock valued at $607,000 after acquiring an additional 57,761 shares during the last quarter. Institutional investors own 2.90% of the company’s stock.
A number of brokerages have recently commented on LPL. Citigroup began coverage on LG Display in a research report on Thursday. They set a “buy” rating for the company. CLSA downgraded LG Display from an “outperform” rating to an “underperform” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Four analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. LG Display presently has a consensus rating of “Hold” and an average price target of $15.00.
LG Display 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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