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

Key Points

• Analyst sentiment: Four analysts rate LG Display as a Hold and one as a Sell, giving a MarketBeat consensus of "Reduce" after recent downgrades from Wall Street Zen and a restated sell from Weiss.
• Trading activity: About 1,006,038 shares traded mid-day (down 21% from the prior session) and the stock was last near $3.83, showing elevated volume but little price upside (down ~0.1%).
• Financials and investor moves: LG Display reported a quarterly loss (EPS -$0.14) on $4.61B revenue, has a market cap of $3.87B and weak liquidity ratios (quick 0.46), while institutions like Millennium Management notably increased their stakes (up ~92%).

Shares of LG Display Co., Ltd. (NYSE:LPL - Get Free Report) saw strong trading volume on Tuesday . 1,006,038 shares changed hands during mid-day 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

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of LG Display from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Zacks Research upgraded shares of LG Display from a "strong sell" rating to a "hold" rating in a report on Monday, March 30th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of LG Display in a report on Thursday, January 22nd. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, LG Display currently has a consensus rating of "Reduce".

LG Display Trading Down 0.1%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. The firm's fifty day simple moving average is $4.18 and its 200-day simple moving average is $4.46. The stock has a market cap of $3.87 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.82 and a beta of 1.56.

LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) EPS for the quarter. The company had revenue of $4.61 billion for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%. Equities research analysts expect that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Trading of LG Display

Several large investors have recently modified their holdings of the stock. Corient Private Wealth LLC grew its position in shares of LG Display by 26.8% during the 4th 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 during the period. EP Wealth Advisors LLC acquired a new stake in shares of LG Display during the 4th quarter worth approximately $116,000. XTX Topco Ltd grew its position in shares of LG Display by 17.5% during the 4th quarter. XTX Topco Ltd now owns 53,660 shares of the electronics maker's stock worth $226,000 after buying an additional 7,980 shares during the period. Millennium Management LLC grew its position in shares of LG Display by 92.1% during the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker's stock worth $3,268,000 after buying an additional 372,199 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of LG Display by 68.1% during the 4th quarter. AQR Capital Management LLC now owns 61,729 shares of the electronics maker's stock worth $260,000 after buying an additional 25,017 shares during the period.

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.

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