American Century Companies Inc. Has $336,000 Position in WEBTOON Entertainment Inc. $WBTN

Key Points

• American Century Companies Inc. significantly increased its holdings in WEBTOON Entertainment Inc. by 193.3% in the first quarter, now owning 43,803 shares valued at approximately $336,000.
• WEBTOON reported earnings of $0.07 per share for the most recent quarter, surpassing analyst estimates of $0.02, while its revenue rose by 8.5% year-over-year.
• Analysts have upgraded WEBTOON's ratings recently, with Goldman Sachs raising its price target from $11.00 to $15.00 and Zacks Equity Research moving from a "hold" to a "strong-buy" rating.

American Century Companies Inc. lifted its holdings in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) by 193.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,803 shares of the company's stock after purchasing an additional 28,867 shares during the quarter. American Century Companies Inc.'s holdings in WEBTOON Entertainment were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new position in shares of WEBTOON Entertainment during the 4th quarter worth $5,033,000. Millennium Management LLC grew its position in shares of WEBTOON Entertainment by 1,312.2% in 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 in the last quarter. Nuveen LLC acquired a new position in WEBTOON Entertainment during the 1st quarter worth $145,000. XTX Topco Ltd acquired a new stake in shares of WEBTOON Entertainment in the first quarter valued at $131,000. Finally, Invesco Ltd. acquired a new stake in shares of WEBTOON Entertainment during the first quarter worth $123,000.

Analyst Ratings Changes

WBTN has been the subject of several recent research reports. Zacks Research raised WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. The Goldman Sachs Group boosted their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Morgan Stanley raised their price target on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 13th. Finally, Citigroup started coverage on shares of WEBTOON Entertainment in a report on Thursday, May 15th. They set a "buy" rating and a $11.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.17.

WEBTOON Entertainment Stock Down 5.5%

Shares of WEBTOON Entertainment stock traded down $0.82 during trading hours on Wednesday, reaching $14.05. 286,421 shares of the company's stock were exchanged, compared to its average volume of 440,650. WEBTOON Entertainment Inc. has a 1 year low of $6.75 and a 1 year high of $18.45. The business has a fifty day moving average of $11.72 and a two-hundred day moving average of $9.76. The company has a market capitalization of $1.84 billion, a P/E ratio of -18.25 and a beta of 1.34.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $348.27 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 earnings per share. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. As a group, research analysts predict that WEBTOON Entertainment Inc. will post -0.26 EPS for the current year.

About WEBTOON Entertainment

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.