LG Display Co., Ltd. (NYSE:LPL) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lowered its stake in shares of LG Display Co., Ltd. (NYSE:LPL) by 35.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,697 shares of the electronics maker’s stock after selling 4,799 shares during the period. Avior Wealth Management LLC’s holdings in LG Display were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in LG Display by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 2,363 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in LG Display during the third quarter worth approximately $42,000. Caprock Group LLC acquired a new stake in LG Display during the second quarter worth approximately $50,000. Drive Wealth Management LLC purchased a new stake in LG Display in the 2nd quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC raised its holdings in LG Display by 101.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 6,836 shares during the last quarter.

LG Display Price Performance

LPL stock opened at $3.48 on Tuesday. The stock has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $3.92. The company has a market cap of $3.48 billion, a PE ratio of -1.97 and a beta of 1.38. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03. LG Display Co., Ltd. has a 12-month low of $3.33 and a 12-month high of $5.66.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LPL shares. Citigroup downgraded LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. StockNews.com cut shares of LG Display from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lowered shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd.

LG Display Company 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.