LG Display (NYSE:LPL) Shares Gap Up to $4.98

LG Display Co., Ltd. (NYSE:LPL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $4.98, but opened at $5.12. LG Display shares last traded at $5.13, with a volume of 26,818 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on LPL. StockNews.com initiated coverage on LG Display in a research report on Thursday, August 17th. They set a “hold” rating for the company. Morgan Stanley downgraded LG Display from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th.

LG Display Stock Performance

The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.81. The stock’s 50 day moving average price is $5.30 and its 200 day moving average price is $5.77. The company has a market capitalization of $3.68 billion, a P/E ratio of -1.00 and a beta of 1.38.

LG Display (NYSE:LPL) last issued its quarterly earnings results on Monday, August 14th. The electronics maker reported ($0.91) EPS for the quarter, beating analysts’ consensus estimates of ($0.94) by $0.03. LG Display had a negative net margin of 20.53% and a negative return on equity of 42.32%. The business had revenue of $3.60 billion for the quarter. As a group, equities analysts expect that LG Display Co., Ltd. will post -3.14 EPS for the current year.

Institutional Investors Weigh In On LG Display

Several institutional investors and hedge funds have recently made changes to their positions in LPL. Quadrant Capital Group LLC grew its holdings in LG Display by 54.8% in the fourth quarter. Quadrant Capital Group LLC now owns 10,230 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 3,622 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of LG Display in the 3rd quarter valued at about $51,000. Squarepoint Ops LLC bought a new stake in LG Display in the 4th quarter valued at about $59,000. Jane Street Group LLC acquired a new position in LG Display during the 3rd quarter worth approximately $60,000. Finally, Balyasny Asset Management LLC bought a new position in LG Display in the third quarter worth approximately $64,000. Institutional investors own 2.04% of the company’s stock.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the design, 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.