LG Display (NYSE:LPL) Shares Gap Down – Should You Sell?

LG Display Co., Ltd. (NYSE:LPL) gapped down prior to trading on Monday . The stock had previously closed at $4.64, but opened at $4.37. LG Display shares last traded at $4.3850, with a volume of 221,045 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings upgraded LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, LG Display presently has an average rating of “Reduce”.

LG Display Price Performance

The firm has a market cap of $4.14 billion, a P/E ratio of -207.00 and a beta of 1.61. 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 50 day moving average is $4.75 and its two-hundred day moving average is $4.41.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.17). LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%.The business had revenue of $3.78 billion during the quarter. As a group, analysts anticipate that LG Display Co., Ltd. will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

A number of institutional investors and hedge funds have recently modified their holdings of LPL. Dimensional Fund Advisors LP increased its stake in shares of 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. grew its holdings in LG Display by 114.6% in the third 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. Arrowstreet Capital Limited Partnership acquired a new stake in LG Display in the third quarter worth $7,862,000. State Street Corp grew its holdings in LG Display by 5.1% in the fourth quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock worth $3,386,000 after purchasing an additional 38,755 shares during the period. Finally, Millennium Management LLC increased its stake in LG Display by 92.1% in the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after purchasing an additional 372,199 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.