Latest Stocks: Line Corp (LN) Raised to “Buy” at Nomura

Latest Stocks: Line Corp (LN) Raised to “Buy” at Nomura

Nomura upgraded shares of Line Corp (NYSE:LN) from a neutral rating to a buy rating in a research note published on Wednesday morning.

A number of other research firms also recently commented on LN. Instinet upgraded Line Corp from a neutral rating to a buy rating in a research note on Wednesday, May 31st. Zacks Investment Research upgraded Line Corp from a sell rating to a hold rating in a research note on Friday, March 24th. CLSA downgraded Line Corp from an underperform rating to a sell rating in a research note on Wednesday, April 26th. Finally, Goldman Sachs Group Inc downgraded Line Corp from a buy rating to a neutral rating in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold.

Line Corp (NYSE LN) opened at 36.79 on Wednesday. The stock’s 50 day moving average price is $34.86 and its 200 day moving average price is $35.13. Line Corp has a 52-week low of $30.90 and a 52-week high of $51.48. The firm has a market capitalization of $8.06 billion and a PE ratio of 111.15. A number of institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. purchased a new position in Line Corp during the fourth quarter worth approximately $23,902,000. William Blair Investment Management LLC increased its position in Line Corp by 22.6% in the first quarter. William Blair Investment Management LLC now owns 676,540 shares of the technology company’s stock worth $26,020,000 after buying an additional 124,546 shares during the period. Tybourne Capital Management HK Ltd. purchased a new position in Line Corp during the first quarter worth approximately $22,900,000. Capital World Investors purchased a new position in Line Corp during the third quarter worth approximately $28,089,000. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Line Corp during the first quarter worth approximately $12,905,000. Institutional investors and hedge funds own 4.69% of the company’s stock.

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