LG Display (NYSE:LPL) Sees Strong Trading Volume – Still a Buy?

LG Display Co., Ltd. (NYSE:LPL) saw unusually-strong trading volume on Tuesday . Approximately 1,006,038 shares were traded during trading, a decline of 21% from the previous session’s volume of 1,278,281 shares.The stock last traded at $3.8250 and had previously closed at $3.87.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LPL shares. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Wall Street Zen lowered LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

LG Display Stock Up 9.3%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.82 and a beta of 1.56. The business has a 50-day simple moving average of $4.18 and a 200-day simple moving average of $4.46.

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

Institutional Investors Weigh In On LG Display

Several hedge funds and other institutional investors have recently made changes to their positions in LPL. Arrowstreet Capital Limited Partnership acquired a new stake in shares of LG Display during the 3rd quarter worth about $7,862,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 worth $10,174,000 after acquiring an additional 1,040,826 shares in the last quarter. Millennium Management LLC raised its position in shares of LG Display by 92.1% during the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after acquiring an additional 372,199 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of LG Display by 125.0% during the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock worth $2,667,000 after acquiring an additional 352,248 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of LG Display by 792.0% during the 3rd quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock worth $918,000 after acquiring an additional 156,126 shares in the last quarter.

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.