XTX Topco Ltd bought a new stake in WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,078 shares of the company's stock, valued at approximately $131,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. purchased a new stake in shares of WEBTOON Entertainment during the 4th quarter worth $5,033,000. Millennium Management LLC raised its stake in WEBTOON Entertainment by 1,312.2% in the fourth quarter. Millennium Management LLC now owns 224,887 shares of the company's stock valued at $3,054,000 after buying an additional 208,962 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in WEBTOON Entertainment by 355.7% during the 4th quarter. Renaissance Technologies LLC now owns 51,950 shares of the company's stock worth $705,000 after buying an additional 40,550 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of WEBTOON Entertainment during the 4th quarter worth about $1,381,000. Finally, Wells Fargo & Company MN increased its holdings in shares of WEBTOON Entertainment by 37.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,168 shares of the company's stock valued at $111,000 after acquiring an additional 2,240 shares during the last quarter.
WEBTOON Entertainment Price Performance
Shares of WBTN traded down $0.77 during mid-day trading on Tuesday, reaching $14.53. 184,704 shares of the company's stock were exchanged, compared to its average volume of 429,164. The business's fifty day simple moving average is $9.80 and its 200-day simple moving average is $9.38. The stock has a market capitalization of $1.90 billion, a PE ratio of -18.88 and a beta of 1.12. WEBTOON Entertainment Inc. has a 52-week low of $6.75 and a 52-week high of $18.45.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. The firm had revenue of $348.27 million during the quarter, compared to analysts' expectations of $341.63 million. During the same quarter in the prior year, the business earned $0.20 EPS. WEBTOON Entertainment's quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that WEBTOON Entertainment Inc. will post -0.26 earnings per share for the current year.
Analyst Ratings Changes
WBTN has been the topic of several research analyst reports. The Goldman Sachs Group raised their target price on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Evercore ISI raised 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. Wall Street Zen upgraded shares of WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday. Citigroup initiated coverage on shares of WEBTOON Entertainment in a report on Thursday, May 15th. They issued a "buy" rating and a $11.00 target price for the company. Finally, Morgan Stanley lifted 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.43.
Check Out Our Latest Stock Analysis on WBTN
WEBTOON Entertainment 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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