LG Display (NYSE:LPL) Shares Down 3.5%

LG Display Co., Ltd. (NYSE:LPL)’s stock price was down 3.5% during trading on Monday . The stock traded as low as $4.07 and last traded at $4.08. Approximately 19,932 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 343,897 shares. The stock had previously closed at $4.23.

Analysts Set New Price Targets

Several research firms have recently weighed in on LPL. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised shares of LG Display from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 10th. Finally, StockNews.com raised shares of LG Display from a “hold” rating to a “buy” rating in a report on Friday.

LG Display Trading Down 4.0 %

The company has a market capitalization of $4.06 billion, a PE ratio of -1.67 and a beta of 1.37. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average of $4.02 and a two-hundred day moving average of $4.01.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.37). LG Display had a negative net margin of 8.18% and a negative return on equity of 21.29%. The business had revenue of $4.89 billion for the quarter. As a group, sell-side analysts anticipate that LG Display Co., Ltd. will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of LG Display by 5.7% during the second quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock worth $4,824,000 after purchasing an additional 63,080 shares during the period. Renaissance Technologies LLC bought a new position in shares of LG Display during the second quarter valued at approximately $468,000. Sequoia Financial Advisors LLC lifted its stake in LG Display by 69.8% in the first 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 period. Vanguard Personalized Indexing Management LLC increased its position in LG Display by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 86,826 shares of the electronics maker’s stock valued at $351,000 after purchasing an additional 3,172 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in LG Display by 101.2% in the 1st quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker’s stock worth $326,000 after purchasing an additional 40,035 shares in the last quarter.

LG Display Company Profile

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.