LG Display Co., Ltd. (NYSE:LPL – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $4.44, but opened at $4.85. LG Display shares last traded at $4.8750, with a volume of 352,271 shares changing hands.
Analyst Upgrades and Downgrades
LPL has been the subject of a number of research reports. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings downgraded LG Display from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.
Read Our Latest Research Report on LG Display
LG Display Stock Up 10.9%
LG Display (NYSE:LPL – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The electronics maker reported ($0.38) earnings per share for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. The company had revenue of $3.68 billion for the quarter. As a group, analysts anticipate that LG Display Co., Ltd. will post -0.21 earnings per share for the current fiscal year.
Institutional Trading of LG Display
A number of hedge funds and other institutional investors have recently bought and sold shares of LPL. Arrowstreet Capital Limited Partnership purchased a new stake in LG Display in the third quarter worth $7,862,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in LG Display by 114.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after purchasing an additional 1,040,826 shares during the period. Millennium Management LLC increased its stake in LG Display by 92.1% in the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after purchasing an additional 372,199 shares during the period. Corient Private Wealth LLC increased its stake in LG Display by 125.0% in the fourth quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock worth $2,667,000 after purchasing an additional 352,248 shares during the period. Finally, Two Sigma Investments LP increased its stake in LG Display by 792.0% in the third quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock worth $918,000 after purchasing an additional 156,126 shares during the period.
About LG Display
LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.
LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.
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