LG Display (NYSE:LPL – Get Free Report) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Wednesday, Marketbeat Ratings reports.
Several other research analysts have also issued reports on the company. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Monday.
LG Display Price Performance
LG Display (NYSE:LPL – Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.37). LG Display had a negative net margin of 8.18% and a negative return on equity of 21.29%. The company had revenue of $4.89 billion during the quarter. As a group, research analysts expect that LG Display will post -0.5 EPS for the current fiscal year.
Institutional Investors Weigh In On LG Display
A number of hedge funds and other institutional investors have recently bought and sold shares of LPL. GAMMA Investing LLC boosted its stake in LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 2,363 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in LG Display by 20.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock worth $67,000 after buying an additional 2,819 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in LG Display by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 86,826 shares of the electronics maker’s stock worth $351,000 after acquiring an additional 3,172 shares during the last quarter. Alera Investment Advisors LLC increased its position in LG Display by 32.2% in the 1st quarter. Alera Investment Advisors LLC now owns 14,431 shares of the electronics maker’s stock valued at $59,000 after acquiring an additional 3,517 shares in the last quarter. Finally, Inspire Advisors LLC raised its stake in shares of LG Display by 11.6% in the second quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker’s stock worth $152,000 after acquiring an additional 3,825 shares during 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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