LG Display Co. (LPL) Trading Up 3.1%
LG Display Co. (NYSE:LPL) was up 3.1% on Tuesday . The company traded as high as $13.18 and last traded at $13.11, with a volume of 261,640 shares trading hands. The stock had previously closed at $12.72.
A number of equities research analysts recently weighed in on LPL shares. Zacks Investment Research downgraded 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 LG Display in a research report on Tuesday, June 21st. They set an “overweight” rating and a $14.00 price objective on the stock. TheStreet raised LG Display from a “hold” rating to a “buy” rating in a research report on Wednesday, March 30th. Nomura Holdings Inc. raised LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. Finally, Deutsche Bank AG raised LG Display from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.18.
The stock has a market capitalization of $9.35 billion and a PE ratio of 20.98. The stock has a 50-day moving average of $11.15 and a 200 day moving average of $10.41.
Several large investors have recently bought and sold shares of LPL. 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 valued at $1,156,000 after buying an additional 3,814 shares in the last quarter. 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 valued at $1,719,000 after buying an additional 52,600 shares in the last quarter. Finally, 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 valued at $88,312,000 after buying an additional 44,830 shares in the last quarter.
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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