LG Display Co. (LPL) Sees Unusually-High Trading Volume
LG Display Co. (NYSE:LPL) saw unusually-strong trading volume on Wednesday . Approximately 628,945 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 497,425 shares.The stock last traded at $12.45 and had previously closed at $12.51.
A number of research analysts have recently issued reports on LPL shares. Zacks Investment Research downgraded shares of LG Display from a “buy” rating to a “hold” rating and set a $12.00 price objective on the stock. in a research report on Tuesday, May 17th. Barclays PLC started coverage on shares of LG Display in a research report on Tuesday, June 21st. They issued an “overweight” rating and a $14.00 price objective on the stock. TheStreet raised shares of LG Display from a “hold” rating to a “buy” rating in a research report on Wednesday, March 30th. Nomura Holdings Inc. raised shares of LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. Finally, Deutsche Bank AG raised shares of LG Display from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.18.
The firm has a 50 day moving average of $11.01 and a 200-day moving average of $10.37. The company has a market cap of $8.92 billion and a P/E ratio of 20.23.
Other large investors have added to or reduced their stakes in the company. Profund Advisors LLC increased its stake in LG Display by 3.6% in the fourth quarter. Profund Advisors LLC now owns 110,764 shares of the company’s stock worth $1,156,000 after buying an additional 3,814 shares during the period. Dimensional Fund Advisors LP increased its stake in LG Display by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,457,899 shares of the company’s stock worth $88,312,000 after buying an additional 44,830 shares during the period. Finally, Edgemoor Investment Advisors Inc. increased its stake in LG Display by 46.9% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 164,660 shares of the company’s stock worth $1,719,000 after buying an additional 52,600 shares during the period.
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display (TFT-LCD), organic light emitting diode (OLED) and other display panel technologies. It manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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