D. E. Shaw & Co. Inc. reduced its stake in Line Corp (NYSE:LN) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,715 shares of the technology company’s stock after selling 364 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Line were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in LN. Citigroup Inc. boosted its holdings in shares of Line by 222.4% in the 4th quarter. Citigroup Inc. now owns 1,983 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,368 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Line by 183.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,268 shares of the technology company’s stock worth $137,000 after buying an additional 2,114 shares in the last quarter. SG Americas Securities LLC acquired a new position in Line during the 3rd quarter worth $167,000. Financial Gravity Companies Inc. acquired a new position in Line during the 4th quarter worth $173,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Line by 212.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,301 shares of the technology company’s stock worth $223,000 after buying an additional 3,603 shares in the last quarter. Institutional investors own 2.68% of the company’s stock.
LN opened at $34.22 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.64 and a quick ratio of 2.60. Line Corp has a 12 month low of $27.66 and a 12 month high of $46.48. The firm has a market capitalization of $8.11 billion, a P/E ratio of 114.07 and a beta of 1.35.
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.
Featured Article: Put Option Volume
Want to see what other hedge funds are holding LN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Line Corp (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.