LG Display Co. (LPL) Shares Gap Up to $12.79
LG Display Co. (NYSE:LPL)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.67, but opened at $12.79. LG Display shares last traded at $12.96, with a volume of 265,963 shares trading hands.
A number of research firms have recently weighed in on LPL. TheStreet cut LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, May 24th. Barclays PLC began coverage on LG Display in a report on Tuesday, June 21st. They set an “overweight” rating and a $14.00 price target on the stock. Zacks Investment Research cut LG Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Credit Agricole SA raised LG Display from a “sell” rating to an “outperform” rating in a report on Wednesday, July 6th. Finally, Nomura raised LG Display from a “reduce” rating to a “neutral” rating in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.62.
The company has a 50 day moving average of $13.56 and a 200 day moving average of $11.80. The stock has a market cap of $9.42 billion, a PE ratio of 102.02 and a beta of 1.16.
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Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new stake in LG Display during the first quarter worth $992,000. UBS Group AG boosted its stake in LG Display by 29.9% in the first quarter. UBS Group AG now owns 979,146 shares of the company’s stock worth $11,191,000 after buying an additional 225,543 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in LG Display by 17.5% in the first quarter. Goldman Sachs Group Inc. now owns 11,882 shares of the company’s stock worth $136,000 after buying an additional 1,771 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in LG Display during the first quarter worth $3,077,000. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in LG Display during the first quarter worth $2,709,000. 3.34% of the stock is currently owned by institutional investors and hedge funds.
About LG Display
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display (TFT-LCD), organic light emitting diode (OLED) and other display panel technologies. It manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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