D. E. Shaw & Co. Inc. Has $263,000 Stake in Line Corp (LN)

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.

LN has been the subject of several recent research reports. Jefferies Financial Group cut shares of Line from a “hold” rating to an “underperform” rating in a research report on Friday, January 18th. Goldman Sachs Group cut shares of Line from a “neutral” rating to a “sell” rating in a research report on Friday, February 8th. Zacks Investment Research cut shares of Line from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Credit Suisse Group cut shares of Line from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 14th. Finally, ValuEngine cut shares of Line from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Three analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3,500.00.

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Line 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.

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Institutional Ownership by Quarter for Line (NYSE:LN)

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