LG Display (NYSE:LPL) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other research analysts also recently issued reports on the stock. Morgan Stanley upgraded shares of LG Display from an equal weight rating to an overweight rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised LG Display from a neutral rating to an overweight rating in a report on Wednesday, July 10th.

LG Display Trading Down 1.5 %

LG Display stock opened at $3.86 on Friday. LG Display has a 52 week low of $3.45 and a 52 week high of $5.66. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.68. The firm has a market capitalization of $3.86 billion, a PE ratio of -1.59 and a beta of 1.37. The business’s 50-day simple moving average is $3.97 and its 200-day simple moving average is $4.00.

LG Display (NYSE:LPL) last issued its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). The business had revenue of $4.89 billion for the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. Equities research analysts forecast that LG Display will post -0.74 earnings per share for the current year.

Institutional Trading of LG Display

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in LG Display during the second quarter worth $468,000. American Century Companies Inc. increased 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 buying an additional 63,080 shares in the last quarter. Natixis Advisors LLC acquired a new position in shares of LG Display in the 2nd quarter worth approximately $224,000. BNP Paribas Financial Markets boosted its holdings in shares of 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 acquiring an additional 40,035 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew 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 acquiring an additional 36,483 shares during the last quarter.

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.