Macquarie upgraded shares of LINE (NYSE:LN) from a neutral rating to an outperform rating in a report issued on Tuesday, MarketBeat reports.

Several other brokerages have also recently issued reports on LN. Zacks Investment Research cut LINE from a hold rating to a sell rating in a report on Wednesday, January 31st. CLSA raised LINE from a sell rating to an underperform rating in a report on Thursday, January 11th. Mizuho cut LINE from a neutral rating to an underperform rating in a report on Wednesday, January 31st. Finally, Jefferies Group cut LINE from a hold rating to an underperform rating in a report on Thursday, April 19th. Four analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $47.00.

Shares of LN opened at $36.01 on Tuesday. LINE has a 1 year low of $32.69 and a 1 year high of $47.81.

LINE (NYSE:LN) last issued its quarterly earnings data on Wednesday, April 25th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.12). The firm had revenue of $449.83 million for the quarter. LINE had a return on equity of 3.76% and a net margin of 3.01%. research analysts anticipate that LINE will post 0.51 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP purchased a new stake in LINE during the 4th quarter valued at $553,000. Aperio Group LLC raised its holdings in LINE by 46.2% during the 4th quarter. Aperio Group LLC now owns 75,250 shares of the technology company’s stock valued at $3,084,000 after buying an additional 23,789 shares during the period. Greenleaf Trust purchased a new stake in LINE during the 4th quarter valued at $206,000. Liberty Mutual Group Asset Management Inc. purchased a new stake in LINE during the 4th quarter valued at $221,000. Finally, Eqis Capital Management Inc. raised its holdings in LINE by 67.5% during the 4th quarter. Eqis Capital Management Inc. now owns 35,819 shares of the technology company’s stock valued at $1,468,000 after buying an additional 14,435 shares during the period. Institutional investors own 3.24% of the company’s stock.

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.

Analyst Recommendations for LINE (NYSE:LN)

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