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.
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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