LG Display (NYSE:LPL) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded LG Display (LPL) from a "buy" to a "hold," and the stock's analyst consensus on MarketBeat is a "Reduce" rating (three Holds, two Sells), with other firms like Weiss and Zacks issuing sell/strong-sell views.
• Shares opened at $3.92 (1‑year range $2.43–$5.67) after LG Display reported a quarterly loss of ($0.14) EPS on $4.61 billion of revenue, with a market cap of about $3.92 billion and a debt-to-equity ratio of 1.14.
• Despite downgrades, several institutional investors increased positions in the fourth quarter—notably Corient Private Wealth (+125%), Millennium Management (+92.1%) and AQR Capital Management (+68.1%).

LG Display (NYSE:LPL - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

LPL has been the subject of a number of other research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LG Display in a report on Thursday, January 22nd. Zacks Research lowered shares of LG Display from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, LG Display presently has a consensus rating of "Reduce".

LG Display Stock Performance

Shares of NYSE:LPL opened at $3.92 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.73 and a quick ratio of 0.46. LG Display has a 1 year low of $2.43 and a 1 year high of $5.67. The firm has a market capitalization of $3.92 billion, a PE ratio of 20.63, a P/E/G ratio of 1.80 and a beta of 1.48. The business's 50 day moving average price is $4.29 and its 200-day moving average price is $4.52.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC grew its holdings in shares of LG Display by 125.0% in the fourth quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker's stock valued at $2,667,000 after purchasing an additional 352,248 shares during the period. EP Wealth Advisors LLC purchased a new position in LG Display during the fourth quarter worth about $116,000. XTX Topco Ltd boosted its holdings in LG Display by 17.5% in the 4th 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 grew its stake in shares of LG Display by 92.1% in the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker's stock valued at $3,268,000 after buying an additional 372,199 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of LG Display by 68.1% in the 4th quarter. AQR Capital Management LLC now owns 61,729 shares of the electronics maker's stock valued at $260,000 after buying an additional 25,017 shares during the period.

About LG Display

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.