Emerald Acquisition Ltd. purchased a new position in shares of LG Display Co. (NYSE:LPL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 336,858 shares of the company’s stock, valued at approximately $3,904,000.

Several other institutional investors have also recently added to or reduced their stakes in LPL. Goldman Sachs Group Inc. raised its position in LG Display by 17.5% in the first quarter. Goldman Sachs Group Inc. now owns 11,882 shares of the company’s stock worth $136,000 after buying an additional 1,771 shares in the last quarter. Quantitative Systematic Strategies LLC raised its position in shares of LG Display by 11.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 14,463 shares of the company’s stock worth $162,000 after buying an additional 1,462 shares during the period. Capital Fund Management S.A. bought a new position in shares of LG Display during the second quarter worth about $313,000. World Asset Management Inc raised its position in shares of LG Display by 8.3% in the second quarter. World Asset Management Inc now owns 44,291 shares of the company’s stock worth $513,000 after buying an additional 3,400 shares during the period. Finally, Shelton Capital Management raised its position in shares of LG Display by 17.5% in the second quarter. Shelton Capital Management now owns 47,000 shares of the company’s stock worth $545,000 after buying an additional 7,000 shares during the period. 3.34% of the stock is currently owned by institutional investors.

LG Display Co. (NYSE:LPL) traded up 2.89% during midday trading on Wednesday, reaching $13.16. 570,300 shares of the company’s stock were exchanged. LG Display Co. has a 12 month low of $8.43 and a 12 month high of $14.36. The company has a market cap of $9.42 billion, a P/E ratio of 102.02 and a beta of 1.16. The company has a 50 day moving average price of $13.57 and a 200 day moving average price of $11.79.

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein lowered shares of LG Display from an “outperform” rating to a “market perform” rating and set a $13.18 target price on the stock. in a research report on Friday, September 9th. They noted that the move was a valuation call. Bank of America Corp. raised shares of LG Display from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Zacks Investment Research raised shares of LG Display from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, July 13th. Nomura raised shares of LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. Finally, Credit Agricole SA raised shares of LG Display from a “sell” rating to an “outperform” rating in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.62.

LG Display Company Profile

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display (TFT-LCD), organic light emitting diode (OLED) and other display panel technologies. It manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

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