LG Display (NYSE:LPL) Shares Gap Up – Should You Buy?

LG Display Co., Ltd. (NYSE:LPL) shares gapped up before the market opened on Monday. The stock had previously closed at $2.59, but opened at $2.70. LG Display shares last traded at $2.6650, with a volume of 388,809 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LPL shares. Weiss Ratings upgraded shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. Zacks Research upgraded shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

LG Display Price Performance

The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of -3.03 and a beta of 1.73. The firm has a fifty day moving average of $3.03 and a 200 day moving average of $3.89.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Friday, October 30th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $4.62 billion during the quarter. Research analysts predict that LG Display Co., Ltd. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On LG Display

Several large investors have recently made changes to their positions in LPL. Corient Private Wealth LP boosted its holdings in LG Display by 23.9% during the second quarter. Corient Private Wealth LP now owns 592,123 shares of the electronics maker’s stock worth $2,303,000 after buying an additional 114,381 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in LG Display by 112.6% in the second quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock valued at $1,963,000 after buying an additional 267,189 shares in the last quarter. Corient Private Wealth LLC increased its holdings in LG Display by 26.8% in the fourth quarter. Corient Private Wealth LLC now owns 357,160 shares of the electronics maker’s stock valued at $1,504,000 after buying an additional 75,438 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of LG Display by 37.3% in the first quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker’s stock worth $1,243,000 after acquiring an additional 87,055 shares during the period. Finally, First Trust Advisors LP raised its position in shares of LG Display by 135.3% in the first quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker’s stock worth $891,000 after acquiring an additional 132,096 shares during the period.

LG Display Company Profile

LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices.

Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications.