LG Display Co., Ltd. (NYSE:LPL – Get Free Report) was down 4.8% during trading on Wednesday . The stock traded as low as $4.57 and last traded at $4.57. Approximately 51,876 shares were traded during trading, a decline of 87% from the average daily volume of 411,469 shares. The stock had previously closed at $4.80.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on LPL. StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. raised LG Display from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 10th.
Read Our Latest Stock Report on LG Display
LG Display Trading Down 5.0 %
LG Display (NYSE:LPL – Get Free Report) last issued its earnings results on Thursday, May 16th. The electronics maker reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.24). The company had revenue of $4.20 billion for the quarter. LG Display had a negative net margin of 10.46% and a negative return on equity of 24.29%. Equities analysts expect that LG Display Co., Ltd. will post -0.99 earnings per share for the current year.
Hedge Funds Weigh In On LG Display
Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of LG Display by 45.9% during the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 2,363 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in LG Display by 101.2% during the first quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock worth $55,000 after acquiring an additional 6,836 shares in the last quarter. Alera Investment Advisors LLC grew its holdings in LG Display by 32.2% in the first quarter. Alera Investment Advisors LLC now owns 14,431 shares of the electronics maker’s stock worth $59,000 after purchasing an additional 3,517 shares during the period. Inspire Advisors LLC increased its position in LG Display by 21.6% during the 1st quarter. Inspire Advisors LLC now owns 33,078 shares of the electronics maker’s stock valued at $136,000 after buying an additional 5,876 shares in the last quarter. Finally, PDS Planning Inc raised its stake in LG Display by 20.3% during the first quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock valued at $128,000 after buying an additional 5,290 shares during the last quarter.
LG Display Company Profile
LG Display Co, Ltd., together with its subsidiaries, engages in the 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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