Barclays PLC trimmed its holdings in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 482,934 shares of the company's stock after selling 40,655 shares during the quarter. Barclays PLC owned approximately 0.38% of WEBTOON Entertainment worth $6,558,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. New York State Common Retirement Fund purchased a new position in shares of WEBTOON Entertainment in the 4th quarter valued at $60,000. JPMorgan Chase & Co. purchased a new position in WEBTOON Entertainment during the 3rd quarter worth $75,000. Wells Fargo & Company MN grew its stake in WEBTOON Entertainment by 37.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,168 shares of the company's stock worth $111,000 after buying an additional 2,240 shares during the last quarter. American Century Companies Inc. purchased a new position in WEBTOON Entertainment during the 4th quarter worth $203,000. Finally, Rhumbline Advisers grew its stake in WEBTOON Entertainment by 24.4% during the 4th quarter. Rhumbline Advisers now owns 21,423 shares of the company's stock worth $291,000 after buying an additional 4,206 shares during the last quarter.
Insider Buying and Selling
In other news, insider Junkoo Kim bought 11,372 shares of WEBTOON Entertainment stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $8.73 per share, with a total value of $99,277.56. Following the completion of the acquisition, the insider now directly owns 498,812 shares of the company's stock, valued at $4,354,628.76. The trade was a 2.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
WEBTOON Entertainment Stock Down 1.9 %
Shares of WBTN stock traded down $0.17 on Wednesday, hitting $9.00. The company had a trading volume of 265,420 shares, compared to its average volume of 429,394. The firm has a market cap of $1.17 billion and a P/E ratio of 19.57. The company has a 50-day moving average price of $8.58 and a 200-day moving average price of $10.94. WEBTOON Entertainment Inc. has a twelve month low of $6.75 and a twelve month high of $25.66.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). The company had revenue of $352.85 million during the quarter, compared to the consensus estimate of $351.00 million. Equities research analysts expect that WEBTOON Entertainment Inc. will post -0.26 EPS for the current year.
Analysts Set New Price Targets
Several brokerages recently weighed in on WBTN. Morgan Stanley dropped their target price on WEBTOON Entertainment from $13.00 to $10.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group dropped their price target on WEBTOON Entertainment from $25.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price target on WEBTOON Entertainment from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.75.
Check Out Our Latest Report on WBTN
WEBTOON Entertainment Company Profile
(
Free Report)
WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company's platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.
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