Stock Traders Purchase High Volume of LG Display Call Options (LPL)

LG Display Co Ltd. (NYSE:LPL) was the recipient of some unusual options trading on Thursday. Traders bought 873 call options on the stock. This is an increase of approximately 1,612% compared to the average daily volume of 51 call options.

Several research firms have commented on LPL. Zacks Investment Research cut LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Cowen set a $16.00 price target on LG Display and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Nomura reaffirmed a “neutral” rating on shares of LG Display in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.50.

LG Display (LPL) opened at $14.18 on Friday. LG Display has a twelve month low of $11.91 and a twelve month high of $17.05. The company has a quick ratio of 1.07, a current ratio of 1.40 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $10,140.00, a P/E ratio of 4.23, a PEG ratio of 0.67 and a beta of 0.47.

LG Display (NYSE:LPL) last issued its earnings results on Wednesday, October 25th. The electronics maker reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. LG Display had a return on equity of 18.21% and a net margin of 10.02%. research analysts predict that LG Display will post 2.57 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of LG Display in the 2nd quarter worth approximately $341,000. Nationwide Fund Advisors raised its holdings in shares of LG Display by 1.7% in the 2nd quarter. Nationwide Fund Advisors now owns 52,400 shares of the electronics maker’s stock worth $842,000 after buying an additional 900 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of LG Display by 70.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 23,812 shares of the electronics maker’s stock worth $382,000 after buying an additional 9,848 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of LG Display in the 3rd quarter worth approximately $383,000. Finally, USA Financial Portformulas Corp acquired a new position in shares of LG Display in the 2nd quarter worth approximately $773,000. 4.04% of the stock is owned by institutional investors and hedge funds.

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About LG Display

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company 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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