LG Display Co. (LPL) Stock Price Down 0.9%
LG Display Co. (NYSE:LPL)’s share price was down 0.9% during trading on Monday . The company traded as low as $12.50 and last traded at $12.53, with a volume of 318,464 shares. The stock had previously closed at $12.65.
LPL has been the topic of several research reports. Cowen and Company boosted their target price on LG Display from $11.20 to $12.90 in a report on Monday, March 21st. Deutsche Bank AG raised LG Display from a “hold” rating to a “buy” rating in a report on Friday, May 20th. TheStreet raised LG Display from a “hold” rating to a “buy” rating in a report on Wednesday, March 30th. Zacks Investment Research raised LG Display from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 30th. Finally, Drexel Hamilton reissued a “hold” rating and issued a $9.00 target price on shares of LG Display in a report on Thursday, March 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $11.78.
The company has a market capitalization of $8.99 billion and a PE ratio of 20.39. The firm has a 50-day moving average price of $10.91 and a 200 day moving average price of $10.34.
Several hedge funds recently made changes to their positions in LPL. Oxford Asset Management acquired a new stake in LG Display during the fourth quarter valued at approximately $3,053,000. Profund Advisors LLC boosted 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. boosted 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 boosted 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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