LG Display (NYSE:LPL) Sees Unusually-High Trading Volume – Still a Buy?

Shares of LG Display Co., Ltd. (NYSE:LPL) saw an uptick in trading volume on Tuesday . 1,875,997 shares were traded during mid-day trading, a decline of 8% from the previous session’s volume of 2,045,333 shares.The stock last traded at $3.3350 and had previously closed at $3.53.

Analyst Upgrades and Downgrades

LPL has been the subject of a number of analyst reports. Weiss Ratings upgraded LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

LG Display Stock Performance

The firm’s 50 day moving average is $3.64 and its 200 day moving average is $4.17. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.22 and a current ratio of 0.63. The stock has a market cap of $3.38 billion, a P/E ratio of -3.71 and a beta of 1.68.

LG Display (NYSE:LPL) last announced its earnings results on Friday, August 14th. The electronics maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. Analysts anticipate that LG Display Co., Ltd. will post -0.34 EPS 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. Dimensional Fund Advisors LP grew its position in LG Display by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock worth $19,973,000 after purchasing an additional 15,767 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 valued at $10,174,000 after purchasing an additional 1,040,826 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of LG Display in the third quarter worth $7,862,000. State Street Corp raised its holdings in shares of 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 buying an additional 38,755 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of LG Display by 92.1% during the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after buying an additional 372,199 shares during the period.

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.