LG Display (NYSE:LPL) Downgraded to Hold at StockNews.com

LG Display (NYSE:LPL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other research analysts also recently commented on LPL. JPMorgan Chase & Co. raised shares of LG Display from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 10th. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

LG Display Price Performance

Shares of NYSE LPL opened at $3.92 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. The company’s 50-day moving average is $3.98 and its 200 day moving average is $4.01. The stock has a market capitalization of $3.92 billion, a P/E ratio of -1.61 and a beta of 1.37. LG Display has a 1 year low of $3.45 and a 1 year high of $5.66.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.89 billion for the quarter. On average, sell-side analysts expect that LG Display will post -0.74 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

Several hedge funds and other institutional investors have recently made changes to their positions in LPL. Sunbelt Securities Inc. acquired a new stake in shares of LG Display during the first quarter worth about $32,000. CWM LLC lifted its stake in shares of LG Display by 66.4% in the 1st quarter. CWM LLC now owns 18,073 shares of the electronics maker’s stock worth $74,000 after acquiring an additional 7,211 shares during the period. Sequoia Financial Advisors LLC increased 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 purchasing an additional 36,483 shares during the period. PDS Planning Inc raised its position in LG Display by 20.3% in the first quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock worth $128,000 after acquiring an additional 5,290 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of LG Display by 268.3% during the 2nd quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock valued at $116,000 after acquiring an additional 20,660 shares during the period.

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.