LG Display (NYSE:LPL) Shares Gap Up - Should You Buy?

Key Points

• LG Display shares opened higher, rising from a previous close of $2.59 to $2.70 before trading at approximately $2.6650.
• Analyst sentiment remains cautious: Zacks upgraded the stock to “hold,” but MarketBeat reports an average rating of “Reduce”, based on one Hold and one Sell rating.
• The company reported quarterly revenue of $4.62 billion and EPS of $0.55, but continues to show a negative net margin and return on equity; several institutional investors nevertheless increased their holdings.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares gapped up prior to trading on Monday. The stock had previously closed at $2.59, but opened at $2.70. LG Display shares last traded at $2.6650, with a volume of 388,809 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LPL. Zacks Research raised LG Display from a "strong sell" rating to a "hold" rating in a report on Monday, September 21st. Weiss Ratings upgraded LG Display from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, LG Display presently has an average rating of "Reduce".

LG Display Price Performance

The stock has a market cap of $2.71 billion, a P/E ratio of -2.97 and a beta of 1.73. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.37 and a current ratio of 0.63. The firm has a 50-day moving average price of $3.05 and a 200-day moving average price of $3.79.

LG Display (NYSE:LPL - Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The electronics maker reported $0.55 EPS for the quarter. The firm had revenue of $4.62 billion for the quarter. LG Display had a negative return on equity of 19.82% and a negative net margin of 5.26%. On average, analysts forecast that LG Display Co., Ltd. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

A number of hedge funds have recently modified their holdings of LPL. Cetera Investment Advisers lifted its position in shares of LG Display by 18.8% in the first quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker's stock valued at $57,000 after acquiring an additional 2,308 shares in the last quarter. GAMMA Investing LLC increased its position in shares of LG Display by 4.6% during the second quarter. GAMMA Investing LLC now owns 87,102 shares of the electronics maker's stock worth $339,000 after purchasing an additional 3,808 shares in the last quarter. Simplicity Wealth LLC raised its stake in LG Display by 42.4% in the 3rd quarter. Simplicity Wealth LLC now owns 14,531 shares of the electronics maker's stock valued at $43,000 after purchasing an additional 4,327 shares during the last quarter. Inspire Investing LLC raised its stake in LG Display by 30.0% in the 1st quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker's stock valued at $78,000 after purchasing an additional 4,654 shares during the last quarter. Finally, Plan A Wealth LLC lifted its holdings in LG Display by 40.2% in the 3rd quarter. Plan A Wealth LLC now owns 22,908 shares of the electronics maker's stock valued at $68,000 after purchasing an additional 6,571 shares in the last quarter.

LG Display Company Profile

LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices.

Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications.

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