Athos Capital Ltd Takes Position in LINE Corporation (NYSE:LN)

Athos Capital Ltd purchased a new position in shares of LINE Corporation (NYSE:LN) during the second quarter, Holdings Channel reports. The fund purchased 19,701 shares of the technology company’s stock, valued at approximately $685,000. LINE Corporation accounts for approximately 0.4% of Athos Capital Ltd’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tybourne Capital Management HK Ltd. purchased a new position in shares of LINE Corporation during the first quarter valued at about $22,900,000. MARSHALL WACE ASIA Ltd purchased a new position in shares of LINE Corporation during the first quarter valued at about $12,905,000. William Blair Investment Management LLC boosted its position in shares of LINE Corporation by 22.6% in the first quarter. William Blair Investment Management LLC now owns 676,540 shares of the technology company’s stock valued at $26,020,000 after buying an additional 124,546 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in shares of LINE Corporation by 32.7% in the second quarter. ANTIPODES PARTNERS Ltd now owns 361,234 shares of the technology company’s stock valued at $12,564,000 after buying an additional 89,000 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of LINE Corporation during the first quarter valued at about $2,002,000. 3.57% of the stock is owned by institutional investors.

Shares of LINE Corporation (NYSE:LN) opened at 35.52 on Thursday. LINE Corporation has a 52 week low of $30.90 and a 52 week high of $51.48. The stock has a 50 day moving average of $35.26 and a 200-day moving average of $35.01. The company has a market capitalization of $7.79 billion and a price-to-earnings ratio of 63.88.

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A number of analysts have recently commented on LN shares. Goldman Sachs Group, Inc. (The) lowered shares of LINE Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, April 20th. CLSA lowered shares of LINE Corporation from an “underperform” rating to a “sell” rating in a research note on Wednesday, April 26th. Zacks Investment Research lowered shares of LINE Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. UBS AG lowered shares of LINE Corporation from a “neutral” rating to an “underweight” rating in a research note on Friday, May 12th. Finally, Instinet upgraded shares of LINE Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 31st. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold”.

About LINE Corporation

LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.

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Institutional Ownership by Quarter for LINE Corporation (NYSE:LN)

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