Line Corp (NYSE:LN) has received an average rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $3,500.00.
Several equities research analysts recently issued reports on LN shares. Zacks Investment Research upgraded Line from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Evercore ISI started coverage on Line in a report on Monday, February 25th. They set an “outperform” rating for the company. Jefferies Financial Group reiterated a “buy” rating on shares of Line in a report on Thursday, February 28th. Finally, Credit Suisse Group downgraded Line from a “neutral” rating to an “underperform” rating in a report on Thursday, March 14th.
A number of institutional investors have recently made changes to their positions in LN. Henry James International Management Inc. lifted its stake in shares of Line by 21.8% in the fourth quarter. Henry James International Management Inc. now owns 86,171 shares of the technology company’s stock worth $2,939,000 after buying an additional 15,409 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Line by 4.9% in the fourth quarter. Advisor Group Inc. now owns 7,979 shares of the technology company’s stock worth $272,000 after buying an additional 376 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Line by 222.4% in the fourth quarter. Citigroup Inc. now owns 1,983 shares of the technology company’s stock worth $68,000 after buying an additional 1,368 shares during the last quarter. Hillhouse Capital Advisors Ltd. acquired a new stake in shares of Line in the fourth quarter worth $41,197,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Line in the fourth quarter worth $613,000. Institutional investors and hedge funds own 3.32% of the company’s stock.
Shares of NYSE LN traded down $0.31 during midday trading on Tuesday, hitting $28.04. 119,282 shares of the stock traded hands, compared to its average volume of 86,683. The company has a market capitalization of $6.75 billion, a P/E ratio of -175.25 and a beta of 1.33. Line has a one year low of $27.04 and a one year high of $46.48. The company’s 50 day moving average is $29.94. The company has a current ratio of 2.40, a quick ratio of 2.36 and a debt-to-equity ratio of 0.88.
Line (NYSE:LN) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported ($0.05) EPS for the quarter. The firm had revenue of $455.95 million for the quarter. Line had a negative net margin of 1.58% and a negative return on equity of 2.52%. Research analysts predict that Line will post -2.01 earnings per share for the current fiscal year.
Line Company Profile
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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