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Do Hedge Funds and Insiders Love LG Display Co Ltd. (ADR) (LPL)?

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Should LG Display Co Ltd. (ADR) (NYSE:LPL) investors track the following data?

If you were to ask many of your peers, hedge funds are viewed as overrated, outdated financial tools of a period lost to current times. Although there are over 8,000 hedge funds with their doors open in present day, this site aim at the aristocrats of this group, about 525 funds. It is assumed that this group has its hands on the majority of all hedge funds’ total assets, and by watching their highest quality stock picks, we’ve formulated a number of investment strategies that have historically outperformed Mr. Market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 33 percentage points in 11 months (find the details here).

Just as key, positive insider trading sentiment is another way to look at the stock market universe. Obviously, there are a number of stimuli for a bullish insider to cut shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Several academic studies have demonstrated the impressive potential of this tactic if shareholders know where to look (learn more here).

Thus, we’re going to study the latest info surrounding LG Display Co Ltd. (ADR) (NYSE:LPL).

Hedge fund activity in LG Display Co Ltd. (ADR) (NYSE:LPL)

Heading into Q3, a total of 8 of the hedge funds we track held long positions in this stock, a change of 0% from the first quarter. With hedge funds’ capital changing hands, there exists a few noteworthy hedge fund managers who were boosting their stakes considerably.

LG Display Co Ltd. (ADR) (NYSE:LPL)When using filings from the hedgies we track, Arrowstreet Capital, managed by Peter Rathjens Bruce Clarke and John Campbell, holds the biggest position in LG Display Co Ltd. (ADR) (NYSE:LPL). Arrowstreet Capital has a $7.5 million position in the stock, comprising 0.1% of its 13F portfolio. On Arrowstreet Capital’s heels is AQR Capital Management, managed by Cliff Asness, which held a $2.2 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Some other hedge funds that are bullish include Jim Simons’s Renaissance Technologies, Jane Mendillo’s Harvard Management Co and Ken Griffin’s Citadel Investment Group.

Judging by the fact that LG Display Co Ltd. (ADR) (NYSE:LPL) has experienced a fall in interest from the entirety of the hedge funds we track, it’s easy to see that there exists a select few money managers who were dropping their positions entirely heading into Q2. Intriguingly, Israel Englander’s Millennium Management dropped the largest investment of all the hedgies we key on, worth about $1.2 million in stock. Rob Citrone’s fund, Discovery Capital Management, also cut its stock, about $0.2 million worth. These transactions are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Insider trading activity in LG Display Co Ltd. (ADR) (NYSE:LPL)

Insider buying made by high-level executives is best served when the primary stock in question has seen transactions within the past six months. Over the last half-year time period, LG Display Co Ltd. (ADR) (NYSE:LPL) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to LG Display Co Ltd. (ADR) (NYSE:LPL). These stocks are Molex Incorporated (NASDAQ:MOLX), Corning Incorporated (NYSE:GLW), TE Connectivity Ltd. (NYSE:TEL), Kyocera Corporation (ADR) (NYSE:KYO), and Amphenol Corporation (NYSE:APH). This group of stocks are the members of the diversified electronics industry and their market caps are closest to LPL’s market cap.

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