LG Display Co, Ltd AMERICAN DEP (NYSE:LPL) Trading Volume Significantly Higher

LG Display Co. Ltd. logo

LG Display Co. Ltd. logo

Zacks Investment Research raised shares of LG Display Co. from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Friday, April 14th.

Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

Bank of America Corp DE lowered its stake in LG Display Co., Ltd. (NYSE:LPL) by 38.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

Other analysts have also issued reports about the company.

7/25/2017 - LG Display Co. was downgraded by analysts at BidaskClub from a "buy" rating to a "hold" rating. Cowen and Company reaffirmed a "buy" rating and set a $20.40 target price on shares of LG Display Co.in a research note on Friday, July 28th. Lastly, ValuEngine lifted shares of LG Display from a "buy" recommendation to a "strong-buy" recommendation in a analysis note on Friday morning, Jun 9th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock now has a consensus rating of "Hold" and an average price target of $16.86. Comerica Bank increased its stake in shares of LG Display Co.by 1.6% in the first quarter. (NYSE:LPL) opened at 13.35 on Thursday.

The company is so far trading up since yesterday's close of $12.77. The company has a 50-day moving average price of $15.18 and a 200 day moving average price of $13.86. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 4.57 and a beta of 0.36. LG Display Co., Ltd. has a 12-month low of $11.26 and a 12-month high of $17.05.

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A number of other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley now owns 1,439,421 shares of the electronics maker's stock valued at $19,604,000 after buying an additional 220,866 shares during the period. Bank of New York Mellon Corp raised its stake in LG Display Co.by 1.1% in the first quarter. Thomas White International Ltd. now owns 732,496 shares of the electronics maker's stock worth $9,977,000 after buying an additional 17,451 shares during the last quarter. Profund Advisors LLC now owns 66,442 shares of the electronics maker's stock worth $1,068,000 after buying an additional 3,867 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of LG Display Co. during the second quarter valued at about $1,201,000.

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