FMR LLC boosted its holdings in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,034,524 shares of the company's stock after acquiring an additional 1,897,659 shares during the quarter. FMR LLC owned 6.26% of WEBTOON Entertainment worth $109,109,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of WBTN. Charles Schwab Investment Management Inc. purchased a new stake in WEBTOON Entertainment in the 3rd quarter valued at about $1,344,000. BNP Paribas Financial Markets bought a new stake in shares of WEBTOON Entertainment during the third quarter valued at approximately $45,000. State Street Corp purchased a new stake in shares of WEBTOON Entertainment in the third quarter valued at approximately $1,560,000. Barclays PLC grew its stake in WEBTOON Entertainment by 1,404.1% in the third quarter. Barclays PLC now owns 523,589 shares of the company's stock worth $5,990,000 after purchasing an additional 488,779 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in WEBTOON Entertainment by 290.1% during the 3rd quarter. Geode Capital Management LLC now owns 412,131 shares of the company's stock worth $4,716,000 after purchasing an additional 306,496 shares during the period.
WEBTOON Entertainment Trading Up 3.3 %
NASDAQ:WBTN traded up $0.28 during trading hours on Friday, reaching $8.66. 231,440 shares of the company were exchanged, compared to its average volume of 437,276. The stock's 50-day moving average is $8.85 and its 200-day moving average is $11.06. WEBTOON Entertainment Inc. has a twelve month low of $6.75 and a twelve month high of $25.66. The firm has a market cap of $1.12 billion and a PE ratio of 18.83.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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. As a group, research analysts anticipate that WEBTOON Entertainment Inc. will post -0.26 EPS for the current year.
Insiders Place Their Bets
In other WEBTOON Entertainment news, insider Junkoo Kim purchased 11,372 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of $8.73 per share, for a total transaction of $99,277.56. Following the completion of the transaction, the insider now owns 498,812 shares of the company's stock, valued at $4,354,628.76. The trade was a 2.33 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. JPMorgan Chase & Co. cut 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. Morgan Stanley cut their price target on shares of WEBTOON Entertainment from $13.00 to $10.50 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group dropped their price objective on shares of WEBTOON Entertainment from $25.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, WEBTOON Entertainment has an average rating of "Moderate Buy" and a consensus price target of $16.75.
Check Out Our Latest Analysis on WEBTOON Entertainment
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.
See Also
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
