StockNews.com upgraded shares of LG Display (NYSE:LPL – Free Report) from a hold rating to a buy rating in a report published on Friday.
LPL has been the topic of a number of other reports. Morgan Stanley raised shares of LG Display from an equal weight rating to an overweight rating in a research report on Monday, September 16th. JPMorgan Chase & Co. raised shares of LG Display from a neutral rating to an overweight rating in a research report on Wednesday, July 10th.
View Our Latest Analysis on LPL
LG Display Trading Down 0.6 %
LG Display (NYSE:LPL – Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). The firm had revenue of $4.89 billion during the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. On average, equities research analysts expect that LG Display will post -0.74 EPS for the current year.
Hedge Funds Weigh In On LG Display
Several hedge funds and other institutional investors have recently bought and sold shares of LPL. Renaissance Technologies LLC acquired a new stake in LG Display in the second quarter valued at approximately $468,000. American Century Companies Inc. boosted its stake in shares of LG Display by 5.7% in the second quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock valued at $4,824,000 after purchasing an additional 63,080 shares during the period. Natixis Advisors LLC acquired a new stake in LG Display during the 2nd quarter valued at $224,000. BNP Paribas Financial Markets increased its stake in LG Display by 101.2% during the 1st quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker’s stock worth $326,000 after buying an additional 40,035 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in LG Display by 69.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock worth $364,000 after buying an additional 36,483 shares in the last quarter.
LG Display Company Profile
LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.
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