Jane Street Group LLC acquired a new position in shares of LINE Corporation (NYSE:LN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,862 shares of the technology company’s stock, valued at approximately $828,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tremblant Capital Group raised its stake in 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 purchasing an additional 409,057 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in LINE by 6.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 31,005 shares of the technology company’s stock valued at $1,122,000 after purchasing an additional 1,946 shares during the last quarter. OxFORD Asset Management LLP raised its stake in LINE by 38.2% during the 3rd quarter. OxFORD Asset Management LLP now owns 23,221 shares of the technology company’s stock valued at $840,000 after purchasing an additional 6,421 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in LINE during the 3rd quarter valued at $793,000. Finally, Macquarie Group Ltd. raised its stake in LINE by 1.5% during the 3rd quarter. Macquarie Group Ltd. now owns 797,176 shares of the technology company’s stock valued at $28,858,000 after purchasing an additional 11,634 shares during the last quarter. 3.86% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of LINE from a “sell” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, December 5th. ValuEngine upgraded shares of LINE from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. UBS upgraded shares of LINE from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 31st. BNP Paribas cut shares of LINE from a “hold” rating to a “reduce” rating in a research note on Friday, October 27th. Finally, Deutsche Bank upgraded shares of LINE from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.00.

Shares of LINE Corporation (NYSE LN) traded down $0.27 during mid-day trading on Thursday, hitting $43.25. 309,900 shares of the stock were exchanged, compared to its average volume of 254,789. LINE Corporation has a 52 week low of $30.90 and a 52 week high of $45.30.

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LINE 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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Institutional Ownership by Quarter for LINE (NYSE:LN)

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