Line Corp (LN) Given Average Rating of “Hold” by Analysts

Shares of Line Corp (NYSE:LN) have earned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company.

Several research analysts have weighed in on the company. CLSA raised Line from a “sell” rating to an “underperform” rating in a research report on Thursday, January 11th. Mizuho cut Line from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research cut Line from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st.

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Several hedge funds and other institutional investors have recently modified their holdings of LN. Tremblant Capital Group lifted its position in shares of Line by 18.7% during the 3rd quarter. Tremblant Capital Group now owns 2,594,156 shares of the technology company’s stock valued at $93,908,000 after buying an additional 409,057 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Line by 47,356.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 62,642 shares of the technology company’s stock valued at $2,567,000 after buying an additional 62,510 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Line by 199.2% during the 4th quarter. Deutsche Bank AG now owns 40,688 shares of the technology company’s stock valued at $1,667,000 after buying an additional 27,088 shares during the last quarter. Aperio Group LLC lifted its position in shares of Line by 46.2% during the 4th quarter. Aperio Group LLC now owns 75,250 shares of the technology company’s stock valued at $3,084,000 after buying an additional 23,789 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Line during the 3rd quarter valued at $828,000. 3.24% of the stock is currently owned by hedge funds and other institutional investors.

Line stock opened at $37.92 on Friday. Line has a 1 year low of $32.69 and a 1 year high of $47.81.

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Line Company Profile

LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and related services primarily in Japan, Taiwan, Thailand, Indonesia, and Hong Kong. The company offers LINE, a cross-platform messenger application that enable users to communicate through free instant messaging, and voice and video calls, as well as serves as a smart portal to its other applications and services.

Analyst Recommendations for Line (NYSE:LN)

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