LG Display (NYSE:LPL) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other research firms also recently weighed in on LPL. Zacks Research downgraded shares of LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

LG Display Trading Up 3.7%

LPL stock opened at $4.06 on Friday. The company has a market capitalization of $4.06 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.78 and a beta of 1.47. LG Display has a one year low of $2.43 and a one year high of $5.67. The company’s 50 day moving average price is $4.29 and its two-hundred day moving average price is $4.53. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%.The business had revenue of $4.61 billion during the quarter. As a group, analysts predict that LG Display will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings 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 valued at $19,973,000 after buying an additional 15,767 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in LG Display by 114.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after acquiring an additional 1,040,826 shares during the last quarter. American Century Companies Inc. increased its position in shares of LG Display by 12.0% in the second quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock valued at $5,166,000 after acquiring an additional 161,409 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of LG Display in the third quarter valued at about $7,862,000. Finally, State Street Corp raised its stake in shares of LG Display by 5.1% during the fourth quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock valued at $3,386,000 after acquiring an additional 38,755 shares during the last quarter.

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.