LG Display (NYSE:LPL) Stock Price Up 7.2% – Here’s What Happened

Shares of LG Display Co., Ltd. (NYSE:LPL) were up 7.2% during trading on Thursday . The stock traded as high as $4.42 and last traded at $4.4150. Approximately 1,174,717 shares were traded during trading, an increase of 50% from the average daily volume of 781,312 shares. The stock had previously closed at $4.12.

Wall Street Analyst Weigh In

Several research firms have weighed in on LPL. Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Finally, Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

LG Display Stock Performance

The stock has a fifty day moving average price of $4.16 and a 200 day moving average price of $4.48. The company has a current ratio of 0.73, a quick ratio of 0.44 and a debt-to-equity ratio of 1.14. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 0.56 and a beta of 1.54.

LG Display (NYSE:LPL) last posted its earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.41). LG Display had a return on equity of 3.26% and a net margin of 0.98%.The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5 billion. As a group, analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

Several large investors have recently made changes to their positions in LPL. Corient Private Wealth LLC boosted its holdings in LG Display by 125.0% in the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock valued at $2,667,000 after purchasing an additional 352,248 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of LG Display during the fourth quarter valued at about $116,000. XTX Topco Ltd raised its position in shares of LG Display by 17.5% during the fourth quarter. XTX Topco Ltd now owns 53,660 shares of the electronics maker’s stock valued at $226,000 after buying an additional 7,980 shares during the last quarter. Millennium Management LLC lifted its stake in shares of LG Display by 92.1% in the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after buying an additional 372,199 shares during the period. Finally, AQR Capital Management LLC grew its position in LG Display by 68.1% during the fourth quarter. AQR Capital Management LLC now owns 61,729 shares of the electronics maker’s stock worth $260,000 after buying an additional 25,017 shares in 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.