LG Display (NYSE:LPL) Sees Unusually-High Trading Volume - What's Next?

Key Points

• LG Display (NYSE:LPL) shares experienced a significant increase in trading volume, with around 809,531 shares traded, marking a 170% rise from the previous session.
• Despite recent trading activity, analysts have mixed ratings for LG Display, with a consensus rating of "Reduce" and Morgan Stanley recently upgrading the stock to "equal weight".
• The company reported a loss of $0.07 EPS compared to analysts' expectations, although its revenue of $4.09 billion exceeded forecasts of $3.85 billion.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares saw an uptick in trading volume on Monday . 809,531 shares traded hands during mid-day trading, an increase of 170% from the previous session's volume of 299,613 shares.The stock last traded at $4.51 and had previously closed at $4.46.

Wall Street Analysts Forecast Growth

LPL has been the subject of several research analyst reports. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. UBS Group downgraded LG Display from a "neutral" rating to a "sell" rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, LG Display presently has an average rating of "Reduce".

LG Display Price Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. The company has a 50 day moving average price of $4.14 and a 200 day moving average price of $3.49. The firm has a market cap of $4.79 billion, a PE ratio of -11.40, a PEG ratio of 0.28 and a beta of 1.41.

LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.07). LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%.The company had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $3.85 billion. Sell-side analysts expect that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

Several large investors have recently modified their holdings of the stock. Corient Private Wealth LLC raised its stake in shares of LG Display by 32.9% during the second quarter. Corient Private Wealth LLC now owns 180,700 shares of the electronics maker's stock worth $618,000 after purchasing an additional 44,742 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of LG Display by 60.5% during the second quarter. BNP Paribas Financial Markets now owns 32,355 shares of the electronics maker's stock worth $111,000 after purchasing an additional 12,194 shares during the last quarter. Sei Investments Co. purchased a new position in LG Display in the second quarter worth $52,000. Cerity Partners LLC raised its position in LG Display by 6.1% in the second quarter. Cerity Partners LLC now owns 136,529 shares of the electronics maker's stock worth $467,000 after acquiring an additional 7,867 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in LG Display in the second quarter worth $54,000.

LG Display Company Profile

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