Charles Schwab Investment Management Inc. bought a new stake in WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 117,442 shares of the company's stock, valued at approximately $1,344,000. Charles Schwab Investment Management Inc. owned approximately 0.09% of WEBTOON Entertainment at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Sandia Investment Management LP purchased a new stake in WEBTOON Entertainment in the second quarter valued at approximately $114,000. WINTON GROUP Ltd acquired a new position in WEBTOON Entertainment during the second quarter worth $413,000. Point72 Asset Management L.P. purchased a new position in WEBTOON Entertainment in the second quarter valued at about $816,000. Squarepoint Ops LLC acquired a new position in WEBTOON Entertainment during the second quarter worth $1,256,000. Finally, Marshall Wace LLP purchased a new stake in shares of WEBTOON Entertainment in the 2nd quarter worth about $1,516,000.
WEBTOON Entertainment Trading Down 4.0 %
WBTN traded down $0.51 during trading on Wednesday, reaching $12.39. 529,306 shares of the stock traded hands, compared to its average volume of 462,783. The firm's 50-day moving average price is $11.70. WEBTOON Entertainment Inc. has a fifty-two week low of $10.05 and a fifty-two week high of $25.66.
Analysts Set New Price Targets
Several equities analysts recently commented on WBTN shares. HSBC initiated coverage on WEBTOON Entertainment in a research note on Wednesday, September 4th. They issued a "buy" rating and a $23.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WEBTOON Entertainment from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $26.83.
Read Our Latest Stock Report on WEBTOON Entertainment
WEBTOON Entertainment Company 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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