While it is listed as Least Concern in IUCN, some subspecies, such as L. p. chyrsonotus of Cebu and L. p. siquijorensis of Siquijor, may already be extinct.

The species is threatened by habitat loss, but a bigger threat is trapping for the illegal wildlife trade; wild-caught birds are often sold as pets in streets and online selling groups.

Philippine hanging parrots are about 14 cm (5.5 in) long, weigh 32–40 grams, and have a short rounded tail.

The Black-billed hanging parrot endemic to the Sulu Archipelago was also once a subspecies but differs greatly with its black bill and dull gray legs.

[9] They mostly forage for food in the canopy or middle storeys of forests,[9] and their diet is composed of nectar and flowers as well as soft fruits such as those from figs (Ficus).

The Cebu and Siquijor subspecies are both already feared extinct while the West Visayan, Mindoro and an undescribed population in Bohol seem to be threatened.