Hsbc Holdings PLC acquired a new position in WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,239 shares of the company's stock, valued at approximately $187,000.
Several other hedge funds have also recently bought and sold shares of WBTN. Ameriprise Financial Inc. purchased a new stake in shares of WEBTOON Entertainment during the 4th quarter worth about $5,033,000. Millennium Management LLC raised its stake in shares of WEBTOON Entertainment by 1,312.2% during the 4th quarter. Millennium Management LLC now owns 224,887 shares of the company's stock worth $3,054,000 after purchasing an additional 208,962 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of WEBTOON Entertainment during the 1st quarter worth about $131,000. Quantbot Technologies LP purchased a new stake in shares of WEBTOON Entertainment during the 1st quarter worth about $158,000. Finally, Deutsche Bank AG raised its stake in shares of WEBTOON Entertainment by 174.8% during the 1st quarter. Deutsche Bank AG now owns 11,012 shares of the company's stock worth $84,000 after purchasing an additional 7,005 shares in the last quarter.
WEBTOON Entertainment Price Performance
Shares of WBTN stock traded up $0.20 during trading on Monday, reaching $14.61. The company had a trading volume of 578,289 shares, compared to its average volume of 1,430,138. The firm's 50 day simple moving average is $11.61 and its two-hundred day simple moving average is $9.72. WEBTOON Entertainment Inc. has a one year low of $6.75 and a one year high of $18.45. The company has a market capitalization of $1.91 billion, a PE ratio of -18.97 and a beta of 1.30.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $348.27 million for the quarter, compared to the consensus estimate of $341.63 million. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.The company's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. Analysts forecast that WEBTOON Entertainment Inc. will post -0.26 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on WBTN. Evercore ISI raised their price target on WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Wall Street Zen raised WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 16th. Zacks Research raised WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. The Goldman Sachs Group raised their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Citigroup began coverage on WEBTOON Entertainment in a research note on Thursday, May 15th. They issued a "buy" rating and a $11.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, WEBTOON Entertainment has an average rating of "Moderate Buy" and an average target price of $14.17.
Get Our Latest Stock Report on WBTN
About WEBTOON Entertainment
(
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.
Recommended Stories
Before you consider WEBTOON Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WEBTOON Entertainment wasn't on the list.
While WEBTOON Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
