LG Display (NYSE:LPL) Sees Large Volume Increase - Should You Buy?

Key Points

• LG Display experienced a trading volume of 148,772 shares, a significant 34% decrease from the prior day's volume of 225,629 shares.
• The stock price increased to $3.80 from a previous close of $3.59.
• Analysts' ratings for LG Display include one sell, three hold, and one buy, resulting in a consensus rating of "Hold".
• Sequoia Financial Advisors and GAMMA Investing recently made substantial increases in their stakes, growing their positions by 161.2% and 1,380.7%, respectively.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 148,772 shares changed hands during mid-day trading, a decline of 34% from the previous session's volume of 225,629 shares.The stock last traded at $3.80 and had previously closed at $3.59.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. Bank of America initiated coverage on LG Display in a report on Thursday, April 24th. They issued a "neutral" rating for the company. Finally, Wall Street Zen raised LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, LG Display has a consensus rating of "Hold".

LG Display Price Performance

The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average price of $3.37 and a two-hundred day moving average price of $3.21. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -2.12, a PEG ratio of 0.23 and a beta of 1.44.

LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The electronics maker reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). LG Display had a negative return on equity of 24.14% and a negative net margin of 7.17%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.33 billion. As a group, research analysts forecast that LG Display Co., Ltd. will post 0.59 EPS for the current year.

Hedge Funds Weigh In On LG Display

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its stake in LG Display by 161.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 99,944 shares of the electronics maker's stock valued at $311,000 after purchasing an additional 61,679 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of LG Display by 1,380.7% during the 1st quarter. GAMMA Investing LLC now owns 68,423 shares of the electronics maker's stock worth $213,000 after acquiring an additional 63,802 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of LG Display by 498.6% during the 1st quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker's stock worth $400,000 after acquiring an additional 107,167 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of LG Display by 2.3% during the 1st quarter. Rhumbline Advisers now owns 363,341 shares of the electronics maker's stock worth $1,130,000 after acquiring an additional 8,144 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of LG Display during the 4th quarter worth $32,000.

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.