StockNews.com upgraded shares of LG Display (NYSE:LPL – Free Report) from a hold rating to a buy rating in a research report sent to investors on Sunday.
LPL has been the subject of a number of other reports. JPMorgan Chase & Co. upgraded shares of LG Display from a neutral rating to an overweight rating in a report on Wednesday, July 10th. Morgan Stanley upgraded LG Display from an equal weight rating to an overweight rating in a report on Monday, September 16th.
Read Our Latest Report on LG Display
LG Display Trading Down 3.6 %
LG Display (NYSE:LPL – Get Free Report) last released its earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.37). The business had revenue of $4.89 billion for the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. Analysts anticipate that LG Display will post -0.5 earnings per share for the current year.
Hedge Funds Weigh In On LG Display
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in LG Display in the first quarter valued at about $32,000. CWM LLC raised its holdings in LG Display by 66.4% during the first quarter. CWM LLC now owns 18,073 shares of the electronics maker’s stock worth $74,000 after purchasing an additional 7,211 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of LG Display by 69.8% in the first quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock valued at $364,000 after buying an additional 36,483 shares during the period. PDS Planning Inc boosted its position in shares of LG Display by 20.3% during the 1st quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock valued at $128,000 after purchasing an additional 5,290 shares in the last quarter. Finally, Blue Trust Inc. grew its position in LG Display by 268.3% in the second quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock worth $116,000 after buying an additional 20,660 shares during the last quarter.
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.
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