Here is What Hedge Funds Think About LG Display Co Ltd. (ADR) (LPL)

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We already know that not all hedge funds are bullish on the stock and some hedge funds actually sold off their positions entirely. It’s worth mentioning that Leon Shaulov’s Maplelane Capital sold off the biggest stake of all the investors watched by Insider Monkey, valued at close to $7.4 million in call options, and Leon Shaulov’s Maplelane Capital was right behind this move, as the fund dumped about $4.6 million worth of LG Display Co Ltd. (ADR) (NYSE:LPL) shares.

Let’s also examine hedge fund activity in other stocks similar to LG Display Co Ltd. (ADR) (NYSE:LPL). We will take a look at Garmin Ltd. (NASDAQ:GRMN), Tiffany & Co. (NYSE:TIF), Whole Foods Market, Inc. (NASDAQ:WFM), and Foot Locker, Inc. (NYSE:FL). All of these stocks’ market caps are similar to LPL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GRMN 25 212834 8
TIF 33 497053 7
WFM 28 768340 2
FL 29 1018572 -2

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $624 million. That figure was a meager $46 million in LPL’s case. Tiffany & Co. (NYSE:TIF) is the most popular stock in this table. On the other hand Garmin Ltd. (NASDAQ:GRMN) is the least popular one with only 25 bullish hedge fund positions. Compared to these stocks LG Display Co Ltd. (ADR) (NYSE:LPL) is even less popular than GRMN. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: none.

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