LG Display (NYSE:LPL) Sees Unusually-High Trading Volume – Still a Buy?

LG Display Co., Ltd. (NYSE:LPL) shares saw strong trading volume on Tuesday . 1,006,038 shares traded hands during trading, a decline of 21% from the previous session’s volume of 1,278,281 shares.The stock last traded at $3.8250 and had previously closed at $3.87.

Analysts Set New Price Targets

Several research firms recently issued reports on LPL. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Finally, Wall Street Zen cut LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

LG Display Stock Down 0.1%

The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. The firm has a market cap of $3.87 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.82 and a beta of 1.56. The stock has a fifty day simple moving average of $4.18 and a two-hundred day simple moving average of $4.46.

LG Display (NYSE:LPL) last posted its earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. The company had revenue of $4.61 billion for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. As a group, sell-side analysts expect that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Trading of LG Display

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC boosted its stake in LG Display by 26.8% in the fourth quarter. Corient Private Wealth LLC now owns 357,160 shares of the electronics maker’s stock worth $1,504,000 after buying an additional 75,438 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in LG Display in the fourth quarter valued at approximately $116,000. XTX Topco Ltd lifted its position in LG Display by 17.5% in the fourth quarter. XTX Topco Ltd now owns 53,660 shares of the electronics maker’s stock valued at $226,000 after purchasing an additional 7,980 shares during the last quarter. Millennium Management LLC lifted its position in LG Display by 92.1% in the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after purchasing an additional 372,199 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in LG Display by 68.1% in the fourth quarter. AQR Capital Management LLC now owns 61,729 shares of the electronics maker’s stock valued at $260,000 after purchasing an additional 25,017 shares during the last quarter.

LG Display Company Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.