Investors Purchase Large Volume of LG Display Call Options (LPL)

LG Display Co Ltd. (NYSE:LPL) was the recipient of unusually large options trading on Thursday. Traders acquired 873 call options on the stock. This represents an increase of approximately 1,612% compared to the typical volume of 51 call options.

Several research firms have recently weighed in on LPL. Zacks Investment Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine lowered LG Display from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley raised LG Display from an “underweight” rating to an “overweight” rating in a report on Tuesday, January 23rd. CLSA upgraded LG Display from an “underperform” rating to an “outperform” rating in a research report on Tuesday, January 23rd. Finally, Nomura restated a “neutral” rating on shares of LG Display in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. LG Display currently has a consensus rating of “Hold” and a consensus target price of $15.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group bought a new position in shares of LG Display during the fourth quarter valued at approximately $1,497,000. Candriam Luxembourg S.C.A. grew its stake in LG Display by 8.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 87,000 shares of the electronics maker’s stock worth $1,197,000 after purchasing an additional 7,000 shares in the last quarter. Shelton Capital Management grew its stake in LG Display by 14.9% in the fourth quarter. Shelton Capital Management now owns 54,000 shares of the electronics maker’s stock worth $743,000 after purchasing an additional 7,000 shares in the last quarter. US Bancorp DE grew its stake in LG Display by 26.3% in the fourth quarter. US Bancorp DE now owns 60,155 shares of the electronics maker’s stock worth $827,000 after purchasing an additional 12,526 shares in the last quarter. Finally, LMR Partners LLP bought a new position in LG Display in the fourth quarter worth approximately $13,744,000. 4.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LG Display (NYSE:LPL) traded down $0.07 during mid-day trading on Monday, reaching $13.75. The company’s stock had a trading volume of 848,309 shares, compared to its average volume of 949,702. LG Display has a fifty-two week low of $11.91 and a fifty-two week high of $17.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.40. The stock has a market capitalization of $9,800.00, a P/E ratio of 4.17, a PEG ratio of 0.80 and a beta of 0.61.

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About LG Display

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

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