Baillie Gifford & Co. lowered its position in LINE Corporation (NYSE:LN) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 525,041 shares of the technology company’s stock after selling 79,770 shares during the quarter. Baillie Gifford & Co. owned about 0.24% of LINE Corporation worth $19,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. raised its stake in shares of LINE Corporation by 103.9% in the second quarter. Advisor Group Inc. now owns 3,293 shares of the technology company’s stock valued at $115,000 after acquiring an additional 1,678 shares during the period. Pacad Investment Ltd. purchased a new stake in shares of LINE Corporation in the second quarter valued at $160,000. JPMorgan Chase & Co. purchased a new stake in shares of LINE Corporation in the second quarter valued at $197,000. Nomura Holdings Inc. purchased a new stake in shares of LINE Corporation in the second quarter valued at $241,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of LINE Corporation in the second quarter valued at $584,000. 3.66% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts have recently weighed in on LN shares. Deutsche Bank AG raised shares of LINE Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of LINE Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, September 27th. ValuEngine raised shares of LINE Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. UBS AG raised shares of LINE Corporation from a “sell” rating to a “neutral” rating in a research note on Tuesday. Finally, BNP Paribas downgraded shares of LINE Corporation from a “hold” rating to a “reduce” rating in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.00.

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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