JPMorgan Chase & Co. Has $576,000 Position in LG Display Co., Ltd. (NYSE:LPL)

JPMorgan Chase & Co. reduced its holdings in LG Display Co., Ltd. (NYSE:LPL - Free Report) by 41.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,293 shares of the electronics maker's stock after selling 100,383 shares during the period. JPMorgan Chase & Co.'s holdings in LG Display were worth $576,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. QRG Capital Management Inc. purchased a new stake in shares of LG Display during the third quarter worth $42,000. Wealthstream Advisors Inc. bought a new stake in shares of LG Display in the 3rd quarter valued at approximately $64,000. Coldstream Capital Management Inc. grew its stake in shares of LG Display by 34.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker's stock valued at $88,000 after buying an additional 5,588 shares in the last quarter. XTX Topco Ltd increased its stake in shares of LG Display by 130.6% during the 2nd quarter. XTX Topco Ltd now owns 28,199 shares of the electronics maker's stock worth $116,000 after purchasing an additional 15,968 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of LG Display by 341.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 31,668 shares of the electronics maker's stock valued at $130,000 after purchasing an additional 24,488 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have commented on LPL shares. Citigroup downgraded shares of LG Display from a "buy" rating to a "sell" rating in a research report on Thursday, October 24th. StockNews.com downgraded LG Display from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered LG Display from an "overweight" rating to a "neutral" rating in a report on Wednesday, October 23rd.

LG Display Stock Performance

NYSE:LPL traded down $0.04 during midday trading on Friday, reaching $3.22. The stock had a trading volume of 62,434 shares, compared to its average volume of 199,723. The stock has a market capitalization of $3.22 billion, a P/E ratio of -1.33 and a beta of 1.33. 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 Co., Ltd. has a 1-year low of $3.05 and a 1-year high of $4.86. The firm's fifty day simple moving average is $3.24 and its 200-day simple moving average is $3.69.

LG Display (NYSE:LPL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.67). LG Display had a negative net margin of 9.42% and a negative return on equity of 28.01%. On average, equities research analysts forecast that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

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.