LG Display (NYSE:LPL) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a report released on Friday.

LG Display Stock Down 2.1 %

NYSE:LPL opened at $4.15 on Friday. The stock’s 50-day simple moving average is $4.48 and its 200 day simple moving average is $4.71. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 1.30. LG Display has a twelve month low of $3.87 and a twelve month high of $6.68.

Institutional Trading of LG Display

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of LG Display by 307.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,756 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 5,098 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in shares of LG Display by 39.6% during the third quarter. Ronald Blue Trust Inc. now owns 8,632 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 2,450 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of LG Display during the fourth quarter valued at about $43,000. Xponance Inc. acquired a new stake in shares of LG Display during the third quarter valued at about $50,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of LG Display during the third quarter valued at about $51,000. 2.04% of the stock is owned by institutional investors and hedge funds.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the design, 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.