Thornburg Investment Management Inc. Sells 249,956 Shares of LINE Corporation (LN)

Thornburg Investment Management Inc. reduced its position in shares of LINE Corporation (NYSE:LN) by 22.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 870,196 shares of the company’s stock after selling 249,956 shares during the period. Thornburg Investment Management Inc.’s holdings in LINE Corporation were worth $29,595,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Capital World Investors acquired a new stake in shares of LINE Corporation during the third quarter worth $28,089,000. Jennison Associates LLC acquired a new stake in shares of LINE Corporation during the third quarter worth $16,591,000. Hillhouse Capital Management Ltd. acquired a new stake in shares of LINE Corporation during the third quarter worth $16,301,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of LINE Corporation during the fourth quarter worth $9,177,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of LINE Corporation during the third quarter worth $5,753,000. 4.69% of the stock is currently owned by institutional investors.

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

Shares of LINE Corporation (NYSE:LN) traded up 0.44% during midday trading on Tuesday, reaching $32.04. The company’s stock had a trading volume of 357,433 shares. The company has a market capitalization of $6.98 billion and a P/E ratio of 103.35. The stock has a 50 day moving average of $33.81 and a 200-day moving average of $39.71. LINE Corporation has a 1-year low of $31.21 and a 1-year high of $51.48.

“Thornburg Investment Management Inc. Sells 249,956 Shares of LINE Corporation (LN)” was first reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this news story on another publication, it was illegally copied and reposted in violation of US and international copyright and trademark legislation. The original version of this news story can be read at http://sleekmoney.com/thornburg-investment-management-inc-sells-249956-shares-of-line-corporation-ln/1660716.html.

LN has been the topic of a number of analyst reports. Zacks Investment Research lowered LINE Corporation from a “hold” rating to a “sell” rating in a report on Saturday, October 29th. Morgan Stanley lowered LINE Corporation from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 25th. Macquarie lowered LINE Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, October 27th. Jefferies Group LLC reaffirmed a “hold” rating on shares of LINE Corporation in a report on Tuesday, November 29th. Finally, Deutsche Bank AG lowered LINE Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold”.

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.

5 Day Chart for NYSE:LN

Want to see what other hedge funds are holding LN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LINE Corporation (NYSE:LN).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/thornburg-investment-management-inc-sells-249956-shares-of-line-corporation-ln/1660716.html

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.

 

Leave a Reply

Your email address will not be published. Required fields are marked *