LG Display (NYSE:LPL) Upgraded to “Overweight” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of LG Display (NYSE:LPLFree Report) from a neutral rating to an overweight rating in a report released on Wednesday morning, MarketBeat.com reports.

Separately, StockNews.com lowered LG Display from a buy rating to a hold rating in a research report on Wednesday, April 3rd.

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LG Display Trading Up 1.4 %

LG Display stock opened at $4.71 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.49 and a debt-to-equity ratio of 1.18. LG Display has a 12 month low of $3.45 and a 12 month high of $6.08. The stock’s 50 day simple moving average is $3.90 and its two-hundred day simple moving average is $4.21. The firm has a market cap of $4.71 billion, a PE ratio of -1.94 and a beta of 1.37.

LG Display (NYSE:LPLGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The electronics maker reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.57) by ($0.24). LG Display had a negative return on equity of 24.29% and a negative net margin of 10.46%. The company had revenue of $4.20 billion during the quarter. Analysts anticipate that LG Display will post -0.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its position in shares of LG Display by 69.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock valued at $364,000 after buying an additional 36,483 shares in the last quarter. BNP Paribas Financial Markets raised its stake in LG Display by 101.2% in the 1st quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker’s stock valued at $326,000 after purchasing an additional 40,035 shares during the last quarter. Sivia Capital Partners LLC raised its stake in LG Display by 33.0% in the 1st quarter. Sivia Capital Partners LLC now owns 35,186 shares of the electronics maker’s stock valued at $144,000 after purchasing an additional 8,732 shares during the last quarter. Inspire Advisors LLC raised its stake in LG Display by 21.6% in the 1st quarter. Inspire Advisors LLC now owns 33,078 shares of the electronics maker’s stock valued at $136,000 after purchasing an additional 5,876 shares during the last quarter. Finally, Intelligence Driven Advisers LLC raised its stake in LG Display by 60.3% in the 1st quarter. Intelligence Driven Advisers LLC now owns 31,435 shares of the electronics maker’s stock valued at $129,000 after purchasing an additional 11,827 shares during the last quarter.

About LG Display

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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.

Further Reading

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