LG Display (NYSE:LPL) Shares Gap Up to $3.47

LG Display Co., Ltd. (NYSE:LPL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $3.47, but opened at $3.65. LG Display shares last traded at $3.61, with a volume of 47,504 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

LG Display Trading Down 3.3 %

The company has a debt-to-equity ratio of 1.18, a current ratio of 0.73 and a quick ratio of 0.49. The business’s 50 day simple moving average is $3.81 and its 200 day simple moving average is $4.27. The stock has a market cap of $3.51 billion, a P/E ratio of -1.44 and a beta of 1.36.

LG Display (NYSE:LPL) last issued its earnings results on Thursday, May 16th. The electronics maker reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.24). The company had revenue of $4.20 billion during the quarter. LG Display had a negative return on equity of 24.29% and a negative net margin of 10.46%. On average, analysts expect that LG Display Co., Ltd. will post -0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in LG Display by 101.2% during the first quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker’s stock worth $326,000 after buying an additional 40,035 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in LG Display by 69.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock worth $364,000 after acquiring an additional 36,483 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in LG Display during the 3rd quarter valued at $140,000. Schechter Investment Advisors LLC bought a new position in LG Display in the 4th quarter valued at $131,000. Finally, Sivia Capital Partners LLC bought a new position in LG Display in the 4th quarter valued at $128,000.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.