What Smart Money Thinks Of LG Display Co Ltd. (ADR) (LPL)?

Seeing as LG Display Co Ltd. (ADR) (NYSE: LPL) has experienced a decline in interest from the entirety of the hedge funds we track, logic holds that there is a sect of hedgies that elected to cut their entire stakes in the third quarter. At the top of the heap, Jim Simons’s Renaissance Technologies sold off the largest investment of the “upper crust” of funds tracked by Insider Monkey, valued at about $3.7 million in stock, and Louis Bacon of Moore Global Investments was right behind this move, as the fund sold off about $1.9 million worth. These transactions are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now take a look at hedge fund activity in other stocks similar to LG Display Co Ltd. (ADR) (NYSE:LPL). We will take a look at Apollo Global Management LLC (NYSE:APO), SS and C Technologies Holdings Inc (NASDAQ:SSNC), Qorvo Inc (NASDAQ:QRVO), and Hyatt Hotels Corporation (NYSE:H). This group of stocks’ market values are closest to LPL’s market value.

As you can see these stocks had an average of 26 hedge funds with bullish positions and the average amount invested in these stocks was $480 million.That figure was $22 million in LPL’s case. SS and C Technologies Holdings Inc (NASDAQ:SSNC) is the most popular stock in this table, while Apollo Global Management LLC (NYSE:APO) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks, LG Display Co Ltd. (ADR) (NYSE:LPL) is even less popular than APO. 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 advised.