LG Display Co., Ltd. (NYSE:LPL – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $3.85, but opened at $3.77. LG Display shares last traded at $3.81, with a volume of 7,853 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.
Check Out Our Latest Report on LG Display
LG Display Stock Performance
LG Display (NYSE:LPL – Get Free Report) last released its earnings results on Friday, March 8th. The electronics maker reported $0.06 EPS for the quarter. The company had revenue of $5.61 billion during the quarter. LG Display had a negative return on equity of 27.97% and a negative net margin of 12.93%. Equities analysts anticipate that LG Display Co., Ltd. will post -0.9 EPS for the current fiscal year.
Hedge Funds Weigh In On LG Display
Several institutional investors and hedge funds have recently made changes to their positions in LPL. American Century Companies Inc. boosted its stake in shares of LG Display by 12.3% during the 1st quarter. American Century Companies Inc. now owns 186,285 shares of the electronics maker’s stock valued at $1,539,000 after buying an additional 20,369 shares during the last quarter. BlackRock Inc. boosted its stake in shares of LG Display by 82.7% during the 1st quarter. BlackRock Inc. now owns 779,380 shares of the electronics maker’s stock valued at $6,438,000 after buying an additional 352,719 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of LG Display by 42.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 26,877 shares of the electronics maker’s stock valued at $222,000 after acquiring an additional 8,048 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of LG Display during the 1st quarter valued at approximately $196,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of LG Display during the 1st quarter valued at approximately $157,000.
LG Display Company Profile
LG Display Co, Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.
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