LG Display (NYSE:LPL) Shares Gap Up – Should You Buy?

Shares of LG Display Co., Ltd. (NYSE:LPL) gapped up prior to trading on Friday . The stock had previously closed at $5.03, but opened at $5.35. LG Display shares last traded at $5.5770, with a volume of 384,186 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LPL shares. Zacks Research upgraded shares of LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen cut shares of LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings cut LG Display from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

LG Display Stock Performance

The company has a current ratio of 0.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.63. The business’s 50 day moving average is $4.45 and its two-hundred day moving average is $4.34. The company has a market cap of $5.61 billion, a PE ratio of -279.75 and a beta of 1.53.

LG Display (NYSE:LPL) last released its earnings results on Friday, May 15th. The electronics maker reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.17). LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. The firm had revenue of $3.78 billion for the quarter. On average, equities research analysts anticipate that LG Display Co., Ltd. will post -0.21 EPS for the current year.

Institutional Trading of LG Display

Several hedge funds have recently bought and sold shares of LPL. Arrowstreet Capital Limited Partnership purchased a new stake in shares of LG Display during the 3rd quarter worth approximately $7,862,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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. Millennium Management LLC grew its holdings 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. Corient Private Wealth LLC grew its position in LG Display by 125.0% in the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock valued at $2,667,000 after acquiring an additional 352,248 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in LG Display by 792.0% in the 3rd quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock valued at $918,000 after acquiring an additional 156,126 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.