Investors Purchase Large Volume of Put Options on LG Display (LPL)
LG Display Co Ltd. (NYSE:LPL) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 3,007 put options on the company. This represents an increase of approximately 4,912% compared to the average volume of 60 put options.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded LG Display from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. ValuEngine downgraded LG Display from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley upgraded LG Display from an “underweight” rating to an “overweight” rating in a research note on Tuesday, January 23rd. Finally, CLSA upgraded LG Display from an “underperform” rating to an “outperform” rating in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $15.50.
Several hedge funds have recently made changes to their positions in LPL. KCS Wealth Advisory purchased a new position in shares of LG Display in the 4th quarter valued at approximately $156,000. Advisor Group Inc. grew its stake in shares of LG Display by 2,754.1% in the 4th quarter. Advisor Group Inc. now owns 25,573 shares of the electronics maker’s stock valued at $353,000 after purchasing an additional 24,677 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of LG Display in the 3rd quarter valued at approximately $383,000. Shelton Capital Management grew its stake in shares of LG Display by 14.9% in the 4th quarter. Shelton Capital Management now owns 54,000 shares of the electronics maker’s stock valued at $743,000 after purchasing an additional 7,000 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of LG Display by 26.3% in the 4th quarter. US Bancorp DE now owns 60,155 shares of the electronics maker’s stock valued at $827,000 after purchasing an additional 12,526 shares during the last quarter. Institutional investors own 3.33% of the company’s stock.
LG Display (NYSE:LPL) last announced its earnings results on Tuesday, January 23rd. The electronics maker reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.20). LG Display had a net margin of 6.61% and a return on equity of 12.40%. The company had revenue of $6.41 billion during the quarter. equities research analysts predict that LG Display will post 1.19 earnings per share for the current fiscal year.
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LG Display Company Profile
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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