LG Display (NYSE:LPL) Sees Large Volume Increase – Here’s Why

LG Display Co., Ltd. (NYSE:LPL) shares saw an uptick in trading volume on Tuesday . Approximately 1,875,997 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 2,045,333 shares.The stock last traded at $3.3350 and had previously closed at $3.53.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Weiss Ratings raised LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

LG Display Trading Down 6.7%

The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -165.25 and a beta of 1.69. The company has a quick ratio of 0.22, a current ratio of 0.34 and a debt-to-equity ratio of 1.63. The business’s fifty day moving average is $3.68 and its two-hundred day moving average is $4.18.

LG Display (NYSE:LPL) last released its earnings results on Wednesday, July 1st. The electronics maker reported ($0.26) EPS for the quarter. The firm had revenue of $3.62 billion during the quarter. LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. Equities analysts anticipate that LG Display Co., Ltd. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of LG Display

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPL. HB Wealth Management LLC acquired a new position in LG Display during the 1st quarter valued at about $123,000. QRG Capital Management Inc. grew its position in shares of LG Display by 238.4% during the 1st quarter. QRG Capital Management Inc. now owns 94,572 shares of the electronics maker’s stock worth $367,000 after buying an additional 66,622 shares during the period. Inspire Investing LLC raised its stake in shares of LG Display by 30.0% during the first quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker’s stock worth $78,000 after buying an additional 4,654 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in LG Display by 26.8% in the fourth quarter. Corient Private Wealth LLC now owns 357,160 shares of the electronics maker’s stock valued at $1,504,000 after buying an additional 75,438 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of LG Display by 119.3% in the 1st quarter. Blue Trust Inc. now owns 102,095 shares of the electronics maker’s stock valued at $396,000 after purchasing an additional 55,547 shares during the period.

LG Display Company Profile

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.