LG Display (NYSE:LPL) Shares Gap Up – Still a Buy?

LG Display Co., Ltd. (NYSE:LPL) gapped up prior to trading on Friday . The stock had previously closed at $3.37, but opened at $3.49. LG Display shares last traded at $3.46, with a volume of 30,878 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Citigroup downgraded LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

LG Display Stock Up 1.5 %

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 50 day simple moving average of $3.81 and a two-hundred day simple moving average of $3.94. The stock has a market cap of $3.42 billion, a P/E ratio of -1.95 and a beta of 1.38.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). The company had revenue of $4.89 billion for the quarter. LG Display had a negative net margin of 8.18% and a negative return on equity of 21.29%.

Institutional Trading of LG Display

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in shares of LG Display by 45.9% during the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 2,363 shares during the period. QRG Capital Management Inc. acquired a new position in shares of LG Display during the 3rd quarter valued at $42,000. Caprock Group LLC bought a new stake in shares of LG Display in the 2nd quarter worth $50,000. Drive Wealth Management LLC acquired a new stake in shares of LG Display in the second quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC boosted its stake in LG Display by 101.2% during the first 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 in 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.