LG Display Sees Unusually High Options Volume (NYSE:LPL)

LG Display Co., Ltd. (NYSE:LPL) saw some unusual options trading activity on Friday. Traders acquired 2,862 call options on the company. This represents an increase of 956% compared to the typical daily volume of 271 call options.

Hedge Funds Weigh In On LG Display

Several hedge funds and other institutional investors have recently bought and sold shares of LPL. Creative Planning acquired a new stake in LG Display during the 2nd quarter worth about $39,000. MGO One Seven LLC bought a new stake in shares of LG Display during the 2nd quarter valued at about $40,000. Inspire Investing LLC acquired a new stake in LG Display during the first quarter worth approximately $45,000. XTX Topco Ltd bought a new stake in LG Display in the second quarter worth approximately $46,000. Finally, Resonant Capital Advisors LLC acquired a new position in LG Display in the second quarter valued at approximately $47,000.

Analysts Set New Price Targets

LPL has been the subject of several research reports. Wall Street Zen raised shares of LG Display from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. UBS Group upgraded LG Display from a “sell” rating to a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, LG Display presently has a consensus rating of “Reduce”.

LG Display Trading Up 0.4%

NYSE:LPL traded up $0.02 during trading hours on Friday, hitting $4.23. 128,979 shares of the company were exchanged, compared to its average volume of 279,631. The company has a fifty day simple moving average of $4.44 and a 200 day simple moving average of $4.33. LG Display has a one year low of $2.43 and a one year high of $5.67. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of -10.06, a price-to-earnings-growth ratio of 0.26 and a beta of 1.50. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Friday, November 14th. The electronics maker reported ($0.01) EPS for the quarter. The company had revenue of $4.95 billion during the quarter. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. Sell-side analysts expect that LG Display will post 0.59 EPS for the current fiscal year.

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.