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Jun 19, 2023

Dimensional Fund Advisors LP Reduces Stock Holdings in LG Display Co., Ltd. (NYSE:LPL)

Dimensional Fund Advisors LP decreased its stake in LG Display Co., Ltd. (NYSE:LPL - Get Rating) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,383,885 shares of the electronics maker's stock after selling 192,497 shares during the quarter. Dimensional Fund Advisors LP owned about 0.61% of LG Display worth $21,744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LPL. Envestnet Asset Management Inc. lifted its stake in shares of LG Display by 7.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,312 shares of the electronics maker's stock worth $164,000 after acquiring an additional 1,905 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of LG Display by 4.3% during the 1st quarter. Bank of America Corp DE now owns 72,171 shares of the electronics maker's stock worth $596,000 after acquiring an additional 2,980 shares during the last quarter. MFA Wealth Advisors LLC lifted its stake in shares of LG Display by 16.5% during the 4th quarter. MFA Wealth Advisors LLC now owns 28,687 shares of the electronics maker's stock worth $142,000 after acquiring an additional 4,071 shares during the last quarter. FMR LLC lifted its stake in shares of LG Display by 10.2% during the 2nd quarter. FMR LLC now owns 73,090 shares of the electronics maker's stock worth $408,000 after acquiring an additional 6,783 shares during the last quarter. Finally, Ronald Blue Trust Inc. lifted its stake in shares of LG Display by 93.9% during the 4th quarter. Ronald Blue Trust Inc. now owns 15,609 shares of the electronics maker's stock worth $64,000 after acquiring an additional 7,558 shares during the last quarter. Hedge funds and other institutional investors own 2.00% of the company's stock.

Shares of NYSE LPL opened at $6.23 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $5.99 and a two-hundred day simple moving average of $5.68. The firm has a market cap of $4.46 billion, a PE ratio of -1.36 and a beta of 1.43. LG Display Co., Ltd. has a twelve month low of $4.08 and a twelve month high of $6.92.

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. raised LG Display from a "neutral" rating to an "overweight" rating in a research note on Wednesday, April 12th. StockNews.com assumed coverage on LG Display in a research report on Thursday, May 18th. They set a "hold" rating for the company.

LG Display Co, Ltd. engages in the manufacture and sale of thin film transistor and organic light-emitting diode display (OLED) products. Its products include television, commercial, monitor, notebook, mobile, auto, and OLED display. The company was founded on February 28, 1985 and is headquartered in Seoul, South Korea.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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