Line Corp (NYSE:LN) Receives Average Recommendation of “Hold” from Analysts
Line Corp (NYSE:LN) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3,500.00.
A number of equities analysts have recently issued reports on LN shares. ValuEngine raised Line from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Goldman Sachs Group raised Line from a “sell” rating to a “neutral” rating in a report on Monday, June 24th. Finally, Zacks Investment Research cut Line from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st.
Shares of LN stock traded down $1.17 during mid-day trading on Wednesday, reaching $31.80. The stock had a trading volume of 67,100 shares, compared to its average volume of 85,966. The company has a 50 day moving average of $30.25. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 0.98. Line has a one year low of $27.04 and a one year high of $45.92. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of -198.75 and a beta of 1.19.
Several institutional investors and hedge funds have recently modified their holdings of the company. Henry James International Management Inc. increased its holdings in Line by 67.5% during the 1st quarter. Henry James International Management Inc. now owns 144,320 shares of the technology company’s stock valued at $5,082,000 after purchasing an additional 58,149 shares in the last quarter. Lenox Wealth Management Inc. increased its stake in shares of Line by 2.1% in the 1st quarter. Lenox Wealth Management Inc. now owns 18,881 shares of the technology company’s stock valued at $665,000 after buying an additional 388 shares during the period. Coronation Fund Managers Ltd. acquired a new stake in shares of Line in the 1st quarter valued at $5,275,000. Matthews International Capital Management LLC increased its stake in shares of Line by 567.3% in the 1st quarter. Matthews International Capital Management LLC now owns 1,913,100 shares of the technology company’s stock valued at $67,360,000 after buying an additional 1,626,400 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Line by 11.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 337,959 shares of the technology company’s stock valued at $11,900,000 after buying an additional 33,700 shares during the period. 3.53% of the stock is owned by institutional investors and hedge funds.
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.
Featured Article: Why investors pay attention to retained earnings
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.