LG Display Co., Ltd. (NYSE:LPL) Short Interest Update

LG Display Co., Ltd. (NYSE:LPL) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 855,425 shares, an increase of 61.9% from the February 12th total of 528,512 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,197,908 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 1,197,908 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On LG Display

A number of hedge funds and other institutional investors have recently made changes to their positions in LPL. Dimensional Fund Advisors LP lifted its position in LG Display by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock valued at $19,973,000 after acquiring an additional 15,767 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in LG Display by 114.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after purchasing an additional 1,040,826 shares during the period. American Century Companies Inc. increased its holdings in LG Display by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after purchasing an additional 161,409 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of LG Display in the 3rd quarter valued at about $7,862,000. Finally, State Street Corp raised its stake in shares of LG Display by 5.1% in the 4th quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock valued at $3,386,000 after purchasing an additional 38,755 shares during the period.

Analysts Set New Price Targets

A number of brokerages have issued reports on LPL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Zacks Research cut LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Finally, Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

LG Display Stock Down 2.9%

Shares of NYSE LPL traded down $0.12 during mid-day trading on Friday, reaching $3.88. 1,147,132 shares of the company’s stock were exchanged, compared to its average volume of 942,666. LG Display has a twelve month low of $2.43 and a twelve month high of $5.67. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.86 and a beta of 1.48. The business has a fifty day simple moving average of $4.28 and a 200 day simple moving average of $4.52.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $4.61 billion during the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. As a group, equities analysts expect that LG Display will post 0.59 EPS for the current fiscal year.

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.