LG Display Co., Ltd. (NYSE:LPL – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $5.76, but opened at $5.33. LG Display shares last traded at $5.2850, with a volume of 171,525 shares changing hands.
Wall Street Analyst Weigh In
LPL has been the topic of a number of research analyst reports. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen cut LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings downgraded LG Display from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.
Check Out Our Latest Report on LG Display
LG Display Trading Down 6.3%
LG Display (NYSE:LPL – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.17). The firm had revenue of $3.78 billion for the quarter. LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. On average, analysts predict that LG Display Co., Ltd. will post -0.21 EPS for the current year.
Hedge Funds Weigh In On LG Display
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in LG Display by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock worth $19,973,000 after purchasing an additional 15,767 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in LG Display by 114.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock valued at $10,174,000 after purchasing an additional 1,040,826 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in LG Display during the 3rd quarter valued at about $7,862,000. State Street Corp boosted its stake in LG Display by 5.1% during the 4th quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock valued at $3,386,000 after purchasing an additional 38,755 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in LG Display by 92.1% during the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after purchasing an additional 372,199 shares during the last quarter.
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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