Line Corp (NYSE:LN) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $55.00.
A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Line from an “underperform” rating to a “hold” rating in a report on Tuesday, November 26th. Zacks Investment Research raised shares of Line from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Saturday, February 1st.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sculptor Capital LP purchased a new stake in shares of Line during the fourth quarter valued at $485,000. Jane Street Group LLC purchased a new stake in shares of Line during the 4th quarter worth about $343,000. Goldman Sachs Group Inc. boosted its stake in shares of Line by 28.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 76,094 shares of the technology company’s stock worth $3,729,000 after acquiring an additional 16,834 shares in the last quarter. CSat Investment Advisory L.P. boosted its stake in shares of Line by 9.6% during the 4th quarter. CSat Investment Advisory L.P. now owns 69,122 shares of the technology company’s stock worth $3,388,000 after acquiring an additional 6,078 shares in the last quarter. Finally, Capital Asset Advisory Services LLC purchased a new stake in shares of Line during the 4th quarter worth about $347,000. 1.80% of the stock is currently owned by hedge funds and other institutional investors.
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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