Goldman Sachs Group Inc. Sells 29,947 Shares of WEBTOON Entertainment Inc. $WBTN

Goldman Sachs Group Inc. decreased its position in WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 121,269 shares of the company's stock after selling 29,947 shares during the quarter. Goldman Sachs Group Inc. owned 0.09% of WEBTOON Entertainment worth $930,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WBTN. Millennium Management LLC grew its holdings in 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 acquiring an additional 208,962 shares during the last quarter. Optimize Financial Inc bought a new stake in WEBTOON Entertainment during the 1st quarter worth about $1,132,000. Jane Street Group LLC bought a new stake in WEBTOON Entertainment during the 1st quarter worth about $619,000. Walleye Capital LLC bought a new stake in WEBTOON Entertainment during the 1st quarter worth about $488,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in WEBTOON Entertainment during the 1st quarter worth about $228,000.

WEBTOON Entertainment Stock Performance

Shares of WBTN stock opened at $21.15 on Tuesday. The company has a market capitalization of $2.76 billion, a P/E ratio of -27.47 and a beta of 1.30. The company's 50 day moving average price is $13.26 and its two-hundred day moving average price is $10.31. WEBTOON Entertainment Inc. has a 52 week low of $6.75 and a 52 week high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last announced its 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 firm had revenue of $348.27 million for the quarter, compared to the consensus estimate of $341.63 million. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company 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

WBTN has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. The Goldman Sachs Group increased their price objective on shares of WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Morgan Stanley increased their price objective on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.83.

WEBTOON Entertainment Profile

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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