LG Display (NYSE:LPL) Rating Lowered to “Hold” at StockNews.com

LG Display (NYSE:LPL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also issued reports on LPL. Citigroup lowered shares of LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. cut shares of LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.

LG Display Stock Performance

Shares of NYSE:LPL remained flat at $3.25 during trading on Tuesday. The stock had a trading volume of 305,191 shares, compared to its average volume of 278,573. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03. LG Display has a 12-month low of $3.05 and a 12-month high of $5.66. The company has a market cap of $3.25 billion, a PE ratio of -1.86 and a beta of 1.33. The stock has a fifty day moving average of $3.36 and a two-hundred day moving average of $3.82.

Institutional Trading of LG Display

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 2,819 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in LG Display by 3.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 86,826 shares of the electronics maker’s stock worth $351,000 after purchasing an additional 3,172 shares in the last quarter. Inspire Advisors LLC boosted its position in shares of LG Display by 11.6% during the second quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker’s stock worth $152,000 after buying an additional 3,825 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of LG Display by 34.5% in the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock valued at $88,000 after buying an additional 5,588 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of LG Display by 1.2% in the 3rd quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock valued at $2,545,000 after buying an additional 7,412 shares during the period.

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.