Stock Traders Purchase Large Volume of Call Options on LG Display (NYSE:LPL)

LG Display Co., Ltd. (NYSE:LPL) was the recipient of some unusual options trading on Friday. Stock investors acquired 2,400 call options on the company. This represents an increase of approximately 511% compared to the average daily volume of 393 call options.

LG Display Trading Up 1.0%

LG Display stock traded up $0.04 during mid-day trading on Friday, hitting $3.71. The company’s stock had a trading volume of 1,748,376 shares, compared to its average volume of 2,377,140. The company has a 50 day moving average of $4.52 and a 200-day moving average of $4.36. The stock has a market cap of $3.71 billion, a PE ratio of -185.75 and a beta of 1.65. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34. LG Display has a one year low of $3.34 and a one year high of $5.83.

LG Display (NYSE:LPL) last released its earnings results 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). The business had revenue of $3.78 billion for the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%. On average, research analysts anticipate that LG Display will post -0.21 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on LPL shares. Weiss Ratings cut shares of LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Institutional Trading of LG Display

Several institutional investors and hedge funds have recently modified their holdings of LPL. Sivia Capital Partners LLC purchased a new position in LG Display during the 4th quarter worth $77,000. Greenspring Advisors LLC purchased a new position in shares of LG Display during the fourth quarter valued at $184,000. PNC Financial Services Group Inc. raised its holdings in shares of LG Display by 20.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 233,189 shares of the electronics maker’s stock valued at $982,000 after acquiring an additional 39,392 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in LG Display by 20.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 149,363 shares of the electronics maker’s stock worth $629,000 after acquiring an additional 25,310 shares during the period. Finally, Ethic Inc. grew its holdings in LG Display by 14.5% during the 4th quarter. Ethic Inc. now owns 461,144 shares of the electronics maker’s stock worth $1,941,000 after acquiring an additional 58,469 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.