Line Corp (NYSE:LN) Receives Average Rating of “Hold” from Analysts

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Shares of Line Corp (NYSE:LN) have been given an average rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised Line from an “underperform” rating to a “hold” rating in a research report on Tuesday, November 26th. ValuEngine downgraded Line from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC boosted its holdings in Line by 64.3% during the third quarter. Parametric Portfolio Associates LLC now owns 268,959 shares of the technology company’s stock valued at $9,666,000 after purchasing an additional 105,274 shares in the last quarter. Henry James International Management Inc. raised its stake in shares of Line by 30.4% in the third 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 during the last quarter. Coronation Fund Managers Ltd. raised its stake in shares of Line by 0.8% in the third quarter. Coronation Fund Managers Ltd. now owns 133,019 shares of the technology company’s stock valued at $4,781,000 after acquiring an additional 1,120 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Line by 314.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 29,773 shares of the technology company’s stock valued at $838,000 after acquiring an additional 22,583 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Line by 76.5% in the third quarter. State Street Corp now owns 16,154 shares of the technology company’s stock valued at $581,000 after acquiring an additional 7,004 shares during the last quarter. 3.42% of the stock is currently owned by institutional investors.

LN stock opened at $49.07 on Wednesday. Line has a twelve month low of $27.04 and a twelve month high of $51.97. The company has a market cap of $11.85 billion, a PE ratio of -306.69 and a beta of 1.25. The business’s 50-day simple moving average is $48.61 and its 200 day simple moving average is $40.06. The company has a quick ratio of 1.94, a current ratio of 1.98 and a debt-to-equity ratio of 1.04.

Line (NYSE:LN) last released its earnings results on Wednesday, October 30th. The technology company reported ($0.28) earnings per share for the quarter. Line had a negative return on equity of 11.98% and a negative net margin of 9.72%. The firm had revenue of $535.41 million for the quarter. On average, equities research analysts anticipate that Line will post -1.75 EPS for the current year.

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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