LG Display (NYSE:LPL) Trading 8.5% Higher

Shares of LG Display Co., Ltd. (NYSE:LPL) traded up 8.5% on Thursday . The company traded as high as $3.83 and last traded at $3.81. 74,904 shares were traded during trading, a decline of 82% from the average session volume of 426,540 shares. The stock had previously closed at $3.51.

Analysts Set New Price Targets

Separately, StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

LG Display Price Performance

The stock has a fifty day moving average of $3.80 and a two-hundred day moving average of $4.25. The company has a current ratio of 0.73, a quick ratio of 0.49 and a debt-to-equity ratio of 1.18.

LG Display (NYSE:LPL) last released its quarterly earnings results on Thursday, May 16th. The electronics maker reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.24). The business had revenue of $4.20 billion for the quarter. LG Display had a negative net margin of 10.46% and a negative return on equity of 24.29%. As a group, equities research analysts expect that LG Display Co., Ltd. will post -0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of LG Display by 101.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock valued at $55,000 after buying an additional 6,836 shares during the period. Alera Investment Advisors LLC increased its stake in shares of LG Display by 32.2% in the 1st quarter. Alera Investment Advisors LLC now owns 14,431 shares of the electronics maker’s stock valued at $59,000 after buying an additional 3,517 shares during the period. Inspire Advisors LLC increased its stake in shares of LG Display by 21.6% in the 1st quarter. Inspire Advisors LLC now owns 33,078 shares of the electronics maker’s stock valued at $136,000 after buying an additional 5,876 shares during the period. PDS Planning Inc increased its stake in shares of LG Display by 20.3% in the 1st quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock valued at $128,000 after buying an additional 5,290 shares during the period. Finally, BNP Paribas Financial Markets increased its stake 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 valued at $326,000 after buying an additional 40,035 shares during the period.

LG Display Company Profile

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.