OxFORD Asset Management LLP bought a new stake in shares of LINE Corporation (NYSE:LN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,800 shares of the technology company’s stock, valued at approximately $584,000.
Other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. bought a new stake in shares of LINE Corporation during the first quarter valued at approximately $605,000. Comerica Bank raised its stake in shares of LINE Corporation by 1.3% during the first quarter. Comerica Bank now owns 12,460 shares of the technology company’s stock valued at $441,000 after acquiring an additional 164 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of LINE Corporation during the first quarter valued at approximately $1,002,000. BNP Paribas Arbitrage SA raised its stake in shares of LINE Corporation by 2,416.6% during the second quarter. BNP Paribas Arbitrage SA now owns 23,933 shares of the technology company’s stock valued at $832,000 after acquiring an additional 22,982 shares in the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of LINE Corporation during the first quarter valued at approximately $2,002,000. Institutional investors and hedge funds own 3.71% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “OxFORD Asset Management LLP Buys New Stake in LINE Corporation (LN)” was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://weekherald.com/2017/10/18/oxford-asset-management-llp-buys-new-stake-in-line-corporation-ln.html.
LN has been the subject of several research analyst reports. ValuEngine downgraded shares of LINE Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of LINE Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. LINE Corporation has a consensus rating of “Hold” and a consensus target price of $39.00.
LINE Corporation (NYSE LN) opened at 36.75 on Wednesday. The company has a 50-day moving average of $35.77 and a 200-day moving average of $35.77. LINE Corporation has a 52 week low of $30.90 and a 52 week high of $46.14. The company has a market cap of $8.10 billion, a P/E ratio of 64.81 and a beta of 0.45.
LINE Corporation Company Profile
LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.
Receive News & Ratings for LINE Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LINE Corporation and related companies with MarketBeat.com's FREE daily email newsletter.