NetEase (ADR) (NTES) Reaches $273.09 After 9.00% Up Move; LG Display Company Limited (LPL) Shorts Raised By 23.11%

October 12, 2017 - By Vivian Park

The stock of NetEase Inc (ADR) (NASDAQ:NTES) is a huge mover today! About 122,933 shares traded. NetEase Inc (ADR) (NASDAQ:NTES) has risen 77.85% since October 12, 2016 and is uptrending. It has outperformed by 61.15% the S&P500.The move comes after 5 months positive chart setup for the $36.08 billion company. It was reported on Oct, 12 by We have $297.67 PT which if reached, will make NASDAQ:NTES worth $3.25 billion more.

LG Display Company Limited (NYSE:LPL) had an increase of 23.11% in short interest. LPL’s SI was 3.01M shares in October as released by FINRA. Its up 23.11% from 2.45M shares previously. With 579,100 avg volume, 5 days are for LG Display Company Limited (NYSE:LPL)’s short sellers to cover LPL’s short positions. About 411,380 shares traded. LG Display Co Ltd. (ADR) (NYSE:LPL) has risen 29.00% since October 12, 2016 and is uptrending. It has outperformed by 12.30% the S&P500.

LG Display Co., Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The company has market cap of $9.10 billion. The Firm makes 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. It has a 4.45 P/E ratio. The Firm supplies ultra-high definition television panels.

Among 11 analysts covering LG Display (NYSE:LPL), 4 have Buy rating, 2 Sell and 5 Hold. Therefore 36% are positive. LG Display had 17 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of LG Display Co Ltd. (ADR) (NYSE:LPL) earned “Neutral” rating by Nomura on Tuesday, June 28. The stock of LG Display Co Ltd. (ADR) (NYSE:LPL) has “Hold” rating given on Tuesday, July 25 by Drexel Hamilton. The firm earned “Underperform” rating on Friday, April 28 by CLSA. The stock has “Underperform” rating by Bernstein on Friday, March 3. On Friday, October 9 the stock rating was initiated by Drexel Hamilton with “Hold”. Cowen & Co maintained LG Display Co Ltd. (ADR) (NYSE:LPL) rating on Friday, September 8. Cowen & Co has “Buy” rating and $20.4 target. The company was initiated on Thursday, October 15 by Cowen & Co. The company was initiated on Tuesday, June 21 by Barclays Capital. The rating was downgraded by Bank of America on Wednesday, September 23 to “Underperform”. Bernstein upgraded the shares of LPL in report on Monday, August 31 to “Outperform” rating.

Analysts await NetEase Inc (ADR) (NASDAQ:NTES) to report earnings on November, 8. They expect $2.66 earnings per share, down 14.47% or $0.45 from last year’s $3.11 per share. NTES’s profit will be $351.43M for 25.67 P/E if the $2.66 EPS becomes a reality. After $3.86 actual earnings per share reported by NetEase Inc (ADR) for the previous quarter, Wall Street now forecasts -31.09% negative EPS growth.

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