LG Display Co., Ltd. (NYSE:LPL – Get Free Report)’s share price dropped 3.2% on Monday . The stock traded as low as $4.49 and last traded at $4.49. Approximately 52,024 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 417,472 shares. The stock had previously closed at $4.64.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a report on Wednesday. StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.
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LG Display Stock Up 1.5 %
LG Display (NYSE:LPL – Get Free Report) last released its earnings results on Thursday, May 16th. The electronics maker reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.24). The firm had revenue of $4.20 billion during the quarter. LG Display had a negative net margin of 10.46% and a negative return on equity of 24.29%. On average, sell-side analysts expect that LG Display Co., Ltd. will post -0.99 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 2,363 shares in the last quarter. 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 acquiring an additional 3,517 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of LG Display by 307.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,756 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 5,098 shares during the period. PDS Planning Inc boosted its stake in LG Display by 20.3% during the first quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock worth $128,000 after acquiring an additional 5,290 shares in the last quarter. Finally, Inspire Advisors LLC grew its holdings in LG Display by 21.6% in the first quarter. Inspire Advisors LLC now owns 33,078 shares of the electronics maker’s stock worth $136,000 after purchasing an additional 5,876 shares during the period.
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.
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