Line Corp (NYSE:LN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Line Corp (NYSE:LN) have been assigned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company.

A number of equities analysts have recently weighed in on the stock. Credit Suisse Group raised shares of Line from an “underperform” rating to a “neutral” rating in a research report on Wednesday, September 11th. Jefferies Financial Group upgraded shares of Line from an “underperform” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, ValuEngine downgraded Line from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th.

Shares of NYSE:LN opened at $47.30 on Tuesday. Line has a 52 week low of $27.04 and a 52 week high of $51.97. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.94 and a current ratio of 1.98. The company has a market capitalization of $11.36 billion, a PE ratio of -295.63 and a beta of 1.23. The company has a 50 day moving average price of $43.00 and a two-hundred day moving average price of $35.11.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Matthews International Capital Management LLC lifted its holdings in shares of Line by 31.6% in the second quarter. Matthews International Capital Management LLC now owns 2,518,200 shares of the technology company’s stock valued at $70,862,000 after purchasing an additional 605,100 shares in the last quarter. Renaissance Technologies LLC raised its position in Line by 196.9% in the 2nd quarter. Renaissance Technologies LLC now owns 174,300 shares of the technology company’s stock valued at $4,905,000 after buying an additional 115,600 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Line by 64.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 268,959 shares of the technology company’s stock valued at $9,666,000 after acquiring an additional 105,274 shares in the last quarter. Henry James International Management Inc. lifted its stake in Line by 30.4% in the 3rd quarter. Henry James International Management Inc. now owns 140,300 shares of the technology company’s stock valued at $5,042,000 after acquiring an additional 32,681 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in Line by 314.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 29,773 shares of the technology company’s stock worth $838,000 after acquiring an additional 22,583 shares during the last quarter. Institutional investors and hedge funds own 3.48% of the company’s stock.

About Line

LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and life and financial services primarily in Japan, Taiwan, Thailand, and Indonesia. It operates through two segments, Core Business and Strategic Business. The company offers LINE, a cross-platform messenger application that enables users to communicate through free instant messaging, stickers, and voice and video calls, as well as serves as a smart portal to its other applications and services.

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