World Asset Management Inc Sells 735 Shares of LINE Corporation (NYSE:LN)

World Asset Management Inc decreased its position in LINE Corporation (NYSE:LN) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,777 shares of the technology company’s stock after selling 735 shares during the period. World Asset Management Inc’s holdings in LINE Corporation were worth $444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LN. Aperio Group LLC boosted its position in shares of LINE Corporation by 49.4% in the second quarter. Aperio Group LLC now owns 41,216 shares of the technology company’s stock worth $1,433,000 after buying an additional 13,628 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of LINE Corporation by 89.8% in the second quarter. Eqis Capital Management Inc. now owns 17,866 shares of the technology company’s stock worth $621,000 after buying an additional 8,454 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its position in shares of LINE Corporation by 32.7% in the second quarter. ANTIPODES PARTNERS Ltd now owns 361,234 shares of the technology company’s stock worth $12,564,000 after buying an additional 89,000 shares in the last quarter. Bank of America Corp DE boosted its position in shares of LINE Corporation by 73.0% in the first quarter. Bank of America Corp DE now owns 94,552 shares of the technology company’s stock worth $3,636,000 after buying an additional 39,908 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of LINE Corporation during the first quarter worth approximately $1,002,000. Institutional investors own 3.57% of the company’s stock.

LINE Corporation (LN) opened at 34.74 on Friday. The company has a 50 day moving average price of $35.17 and a 200 day moving average price of $35.00. LINE Corporation has a 1-year low of $30.90 and a 1-year high of $51.48. The firm has a market cap of $7.62 billion and a PE ratio of 62.48.

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A number of research analysts have commented on the company. Zacks Investment Research cut LINE Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. ValuEngine cut LINE Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Nomura upgraded LINE Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 31st. Instinet upgraded LINE Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 31st. Finally, UBS AG cut LINE Corporation from a “neutral” rating to an “underweight” rating in a research note on Friday, May 12th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold”.

About LINE Corporation

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.

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Institutional Ownership by Quarter for LINE Corporation (NYSE:LN)

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