StockNews.com lowered shares of LG Display (NYSE:LPL - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
Several other analysts have also issued reports on the company. Citigroup lowered LG Display from a "buy" rating to a "sell" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered LG Display from an "overweight" rating to a "neutral" rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley upgraded LG Display from an "equal weight" rating to an "overweight" rating in a report on Monday, September 16th.
Check Out Our Latest Stock Report on LG Display
LG Display Stock Down 0.9 %
Shares of LPL traded down $0.03 during mid-day trading on Wednesday, reaching $3.31. The company's stock had a trading volume of 173,839 shares, compared to its average volume of 313,539. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. LG Display has a 1 year low of $3.28 and a 1 year high of $5.66. The business has a fifty day moving average of $3.70 and a 200 day moving average of $3.89. The company has a market cap of $3.31 billion, a price-to-earnings ratio of -1.92 and a beta of 1.33.
Institutional Investors Weigh In On LG Display
Several hedge funds and other institutional investors have recently made changes to their positions in LPL. GAMMA Investing LLC grew its position in LG Display by 45.9% during the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker's stock worth $31,000 after buying an additional 2,363 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in LG Display by 20.7% during the second quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker's stock valued at $67,000 after purchasing an additional 2,819 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in LG Display by 3.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 86,826 shares of the electronics maker's stock valued at $351,000 after purchasing an additional 3,172 shares in the last quarter. Inspire Advisors LLC boosted its holdings in LG Display by 11.6% during the second quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker's stock valued at $152,000 after purchasing an additional 3,825 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in LG Display by 34.5% during the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker's stock valued at $88,000 after purchasing an additional 5,588 shares in the last quarter.
About LG Display
(
Get Free Report)
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.
Read More
Before you consider LG Display, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LG Display wasn't on the list.
While LG Display currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
