LINE Corporation (LN) Given Consensus Rating of “Hold” by Analysts
LINE Corporation (NYSE:LN) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.00.
LN has been the topic of several recent research reports. Zacks Investment Research upgraded LINE Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday. ValuEngine downgraded LINE Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. purchased a new stake in LINE Corporation during the 2nd quarter valued at $241,000. Macquarie Group Ltd. purchased a new stake in LINE Corporation during the 2nd quarter valued at $27,321,000. Goldman Sachs Group Inc. boosted its stake in LINE Corporation by 8.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 327,004 shares of the technology company’s stock valued at $11,373,000 after purchasing an additional 25,830 shares during the last quarter. Carmignac Gestion boosted its stake in LINE Corporation by 42.2% during the 2nd quarter. Carmignac Gestion now owns 1,376,724 shares of the technology company’s stock valued at $47,882,000 after purchasing an additional 408,617 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in LINE Corporation during the 2nd quarter valued at $584,000. Institutional investors and hedge funds own 3.71% of the company’s stock.
Shares of LINE Corporation (LN) opened at 36.20 on Friday. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 63.84 and a beta of 0.40. LINE Corporation has a one year low of $30.90 and a one year high of $51.48. The company’s 50-day moving average price is $35.26 and its 200-day moving average price is $35.26.
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LINE Corporation Company Profile
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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