ValuEngine lowered shares of Line (NYSE:LN) from a buy rating to a hold rating in a report published on Monday, February 4th.
LN has been the topic of several other reports. Zacks Investment Research upgraded Line from a sell rating to a hold rating in a research note on Tuesday, October 23rd. Jefferies Financial Group lowered Line from a hold rating to an underperform rating in a research report on Friday, January 18th. Deutsche Bank lowered Line from a buy rating to a hold rating in a research report on Wednesday, October 24th. Finally, TheStreet lowered Line from a c rating to a d+ rating in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold.
Shares of LN stock traded up $0.04 during trading hours on Monday, hitting $36.57. The company had a trading volume of 21,472 shares, compared to its average volume of 100,835. Line has a 12 month low of $27.66 and a 12 month high of $46.48. The firm has a market cap of $8.72 billion, a P/E ratio of 121.90 and a beta of 1.38. The company has a current ratio of 2.64, a quick ratio of 2.60 and a debt-to-equity ratio of 0.68.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hillhouse Capital Advisors Ltd. acquired a new position in shares of Line in the 4th quarter valued at $41,197,000. Matthews International Capital Management LLC lifted its stake in shares of Line by 17.0% in the 4th quarter. Matthews International Capital Management LLC now owns 286,700 shares of the technology company’s stock valued at $9,779,000 after purchasing an additional 41,700 shares during the period. Credit Suisse AG lifted its stake in shares of Line by 1,178.6% in the 3rd quarter. Credit Suisse AG now owns 131,630 shares of the technology company’s stock valued at $5,546,000 after purchasing an additional 121,335 shares during the period. Aperio Group LLC lifted its stake in shares of Line by 11.4% in the 3rd quarter. Aperio Group LLC now owns 99,619 shares of the technology company’s stock valued at $4,197,000 after purchasing an additional 10,195 shares during the period. Finally, Henry James International Management Inc. lifted its stake in shares of Line by 21.8% in the 4th quarter. Henry James International Management Inc. now owns 86,171 shares of the technology company’s stock valued at $2,939,000 after purchasing an additional 15,409 shares during the period. Hedge funds and other institutional investors own 2.77% of the company’s stock.
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, stickers, and voice and video calls, as well as serves as a smart portal to its other applications and services.
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