State Street Corp Acquires Shares of 136,356 WEBTOON Entertainment Inc. (NASDAQ:WBTN)

State Street Corp bought a new position in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 136,356 shares of the company's stock, valued at approximately $1,560,000. State Street Corp owned approximately 0.11% of WEBTOON Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. FMR LLC increased its position in WEBTOON Entertainment by 45.0% during the third quarter. FMR LLC now owns 6,136,865 shares of the company's stock worth $70,206,000 after buying an additional 1,905,231 shares in the last quarter. Federated Hermes Inc. acquired a new position in WEBTOON Entertainment in the 2nd quarter valued at about $32,145,000. Millennium Management LLC acquired a new position in WEBTOON Entertainment in the 2nd quarter valued at about $18,346,000. Hood River Capital Management LLC purchased a new position in WEBTOON Entertainment in the 2nd quarter valued at about $10,352,000. Finally, Potrero Capital Research LLC acquired a new stake in shares of WEBTOON Entertainment during the 3rd quarter worth about $4,176,000.

WEBTOON Entertainment Stock Performance

WEBTOON Entertainment stock traded up $0.01 during midday trading on Thursday, hitting $13.59. 245,808 shares of the company were exchanged, compared to its average volume of 455,493. WEBTOON Entertainment Inc. has a fifty-two week low of $10.05 and a fifty-two week high of $25.66. The stock has a fifty day simple moving average of $12.18.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. HSBC started coverage on WEBTOON Entertainment in a research note on Wednesday, September 4th. They set a "buy" rating and a $23.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on WEBTOON Entertainment from $18.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.83.

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.