Shares of LINE (NYSE:LN) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company.
A number of research firms have weighed in on LN. Zacks Investment Research raised shares of LINE from a “sell” rating to a “hold” rating in a report on Wednesday, April 25th. Macquarie raised shares of LINE from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 24th. Jefferies Group cut shares of LINE from a “hold” rating to an “underperform” rating in a report on Thursday, April 19th. Finally, Mizuho cut shares of LINE from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 31st.
LN stock traded down $0.32 during midday trading on Monday, reaching $35.56. 68,285 shares of the company were exchanged, compared to its average volume of 149,849. LINE has a 1-year low of $33.91 and a 1-year high of $47.81. The stock has a market cap of $8.56 billion, a P/E ratio of 118.53 and a beta of 1.47.
LINE (NYSE:LN) last released its quarterly earnings data on Wednesday, April 25th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.12). LINE had a return on equity of 2.83% and a net margin of 2.74%. The company had revenue of $449.83 million for the quarter. equities analysts predict that LINE will post 0.51 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Financial Gravity Companies Inc. acquired a new position in shares of LINE in the 4th quarter valued at $113,000. Greenleaf Trust acquired a new position in shares of LINE in the 4th quarter valued at $206,000. Liberty Mutual Group Asset Management Inc. acquired a new position in shares of LINE in the 4th quarter valued at $221,000. First Trust Advisors LP acquired a new position in shares of LINE in the 4th quarter valued at $257,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of LINE in the 1st quarter valued at $300,000. 3.23% of the stock is currently owned by institutional investors and hedge funds.
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, and voice and video calls, as well as serves as a smart portal to its other applications and services.
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