Line Corp (NYSE:LN) has received a consensus rating of “Hold” from the twelve research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company.

Several brokerages recently weighed in on LN. Jefferies Financial Group restated a “buy” rating on shares of Line in a research report on Thursday, February 28th. Zacks Investment Research downgraded Line from a “hold” rating to a “sell” rating in a research report on Tuesday, February 19th. Evercore ISI began coverage on Line in a research report on Monday, February 25th. They set an “outperform” rating for the company. ValuEngine downgraded Line from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Goldman Sachs Group downgraded Line from a “neutral” rating to a “sell” rating in a research report on Friday, February 8th.

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its position in shares of Line by 69.4% during the fourth quarter. Jane Street Group LLC now owns 74,528 shares of the technology company’s stock worth $2,542,000 after acquiring an additional 30,541 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of Line during the fourth quarter worth about $613,000. Hillhouse Capital Advisors Ltd. bought a new position in shares of Line during the fourth quarter worth about $41,197,000. Citigroup Inc. raised its position in shares of Line by 222.4% during the fourth quarter. Citigroup Inc. now owns 1,983 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,368 shares during the last quarter. Finally, Advisor Group Inc. raised its position in shares of Line by 4.9% during the fourth quarter. Advisor Group Inc. now owns 7,979 shares of the technology company’s stock worth $272,000 after acquiring an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 2.68% of the company’s stock.

Shares of LN traded up $0.50 during trading hours on Friday, hitting $35.01. 2,637 shares of the company were exchanged, compared to its average volume of 92,965. The firm has a market cap of $8.41 billion, a P/E ratio of 116.40 and a beta of 1.36. Line has a fifty-two week low of $27.66 and a fifty-two week high of $46.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.60 and a current ratio of 2.64.

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.

Further Reading: Stock Selection – What is cash flow?

Analyst Recommendations for Line (NYSE:LN)

Receive News & Ratings for Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Line and related companies with MarketBeat.com's FREE daily email newsletter.