LG Display (NYSE:LPL) Shares Gap Up – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPLGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $4.37, but opened at $4.86. LG Display shares last traded at $4.8560, with a volume of 251,410 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Weiss Ratings lowered shares of LG Display from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Read Our Latest Stock Analysis on LPL

LG Display Trading Up 11.9%

The company has a market cap of $4.89 billion, a price-to-earnings ratio of -244.75 and a beta of 1.53. The company’s fifty day moving average price is $4.32 and its two-hundred day moving average price is $4.33. The company has a quick ratio of 0.46, a current ratio of 0.34 and a debt-to-equity ratio of 1.63.

LG Display (NYSE:LPLGet Free Report) last posted its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.39) earnings per share 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 return on equity of 0.68% and a negative net margin of 0.18%. Research analysts expect that LG Display Co., Ltd. will post -0.21 earnings per share for the current year.

Institutional Trading of LG Display

Several hedge funds have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its stake in shares of LG Display by 55.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 400,255 shares of the electronics maker’s stock valued at $2,089,000 after purchasing an additional 142,094 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of LG Display by 13.9% during the third quarter. Sequoia Financial Advisors LLC now owns 124,053 shares of the electronics maker’s stock valued at $648,000 after purchasing an additional 15,132 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of LG Display by 14.6% during the third quarter. Verdence Capital Advisors LLC now owns 16,125 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 2,060 shares during the last quarter. Sage Mountain Advisors LLC bought a new stake in shares of LG Display during the third quarter valued at approximately $85,000. Finally, Diversified Trust Co. grew its stake in shares of LG Display by 34.1% during the fourth quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 4,723 shares during the last quarter.

LG Display Company Profile

(Get Free Report)

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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