Traders Purchase High Volume of Call Options on LG Display (NYSE:LPL)

LG Display Co., Ltd. (NYSE:LPL) was the target of some unusual options trading on Friday. Investors acquired 2,400 call options on the company. This represents an increase of approximately 511% compared to the typical volume of 393 call options.

LG Display Trading Up 1.5%

NYSE LPL traded up $0.06 during trading hours on Friday, hitting $3.73. 263,320 shares of the company’s stock were exchanged, compared to its average volume of 1,759,987. The business’s 50 day moving average is $4.53 and its 200-day moving average is $4.36. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34. LG Display has a 12-month low of $3.34 and a 12-month high of $5.83. The firm has a market capitalization of $3.73 billion, a P/E ratio of -186.55 and a beta of 1.65.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.17). The company had revenue of $3.78 billion for the quarter. LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. As a group, analysts anticipate that LG Display will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LPL shares. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings cut LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On LG Display

A number of large investors have recently bought and sold shares of LPL. Cetera Investment Advisers boosted its holdings in shares of LG Display by 18.8% in the 1st quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 2,308 shares during the last quarter. CWM LLC raised its holdings in LG Display by 14.4% in the fourth quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after buying an additional 3,469 shares during the period. GAMMA Investing LLC raised its holdings in LG Display by 4.6% in the second quarter. GAMMA Investing LLC now owns 87,102 shares of the electronics maker’s stock valued at $339,000 after buying an additional 3,808 shares during the period. Inspire Investing LLC lifted its position in LG Display by 30.0% during the first quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker’s stock valued at $78,000 after buying an additional 4,654 shares in the last quarter. Finally, Diversified Trust Co. lifted its position in LG Display by 34.1% during the fourth quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after buying an additional 4,723 shares in the last quarter.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.