LG Display Co., Ltd. (NYSE:LPL) Short Interest Update

LG Display Co., Ltd. (NYSE:LPLGet Rating) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,020,000 shares, a decrease of 21.7% from the March 15th total of 2,580,000 shares. Based on an average daily volume of 601,300 shares, the short-interest ratio is presently 3.4 days. Approximately 0.3% of the shares of the stock are short sold.

Shares of LPL opened at $7.72 on Monday. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 4.62, a P/E/G ratio of 0.32 and a beta of 1.20. The stock has a 50 day moving average price of $7.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.94. LG Display has a 1 year low of $7.25 and a 1 year high of $12.31.

LG Display (NYSE:LPLGet Rating) last released its quarterly earnings data on Tuesday, March 8th. The electronics maker reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.42). The company had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.30 billion. LG Display had a net margin of 4.19% and a return on equity of 8.88%. As a group, equities research analysts anticipate that LG Display will post 0.75 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its stake in shares of LG Display by 11.0% during the fourth quarter. Parametric Portfolio Associates LLC now owns 2,649,910 shares of the electronics maker’s stock valued at $26,764,000 after purchasing an additional 262,672 shares during the period. Marshall Wace LLP boosted its stake in shares of LG Display by 110.9% during the third quarter. Marshall Wace LLP now owns 1,141,023 shares of the electronics maker’s stock valued at $9,071,000 after purchasing an additional 600,050 shares during the period. SG Americas Securities LLC boosted its stake in shares of LG Display by 251.0% during the third quarter. SG Americas Securities LLC now owns 898,585 shares of the electronics maker’s stock valued at $7,144,000 after purchasing an additional 642,597 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of LG Display by 651.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 613,584 shares of the electronics maker’s stock valued at $6,197,000 after acquiring an additional 531,888 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of LG Display by 6.0% during the fourth quarter. State Street Corp now owns 579,703 shares of the electronics maker’s stock valued at $5,855,000 after acquiring an additional 32,750 shares in the last quarter. 2.36% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Bank of America cut shares of LG Display from a “buy” rating to an “underperform” rating in a research report on Monday, April 4th. Zacks Investment Research lowered LG Display from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. CLSA raised LG Display from an “underperform” rating to a “buy” rating in a research note on Monday, January 3rd. Finally, StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.00.

About LG Display (Get Rating)

LG Display Co, Ltd. engages in the design, 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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