Alliancebernstein L.P. purchased a new position in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 101,679 shares of the company's stock, valued at approximately $1,381,000. Alliancebernstein L.P. owned approximately 0.08% of WEBTOON Entertainment at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. State Street Corp bought a new position in WEBTOON Entertainment in the 3rd quarter valued at approximately $1,560,000. SG Americas Securities LLC bought a new position in shares of WEBTOON Entertainment in the 4th quarter valued at $892,000. Barclays PLC boosted its holdings in shares of WEBTOON Entertainment by 1,404.1% during the 3rd quarter. Barclays PLC now owns 523,589 shares of the company's stock valued at $5,990,000 after acquiring an additional 488,779 shares in the last quarter. Geode Capital Management LLC grew its position 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 acquiring an additional 306,496 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in WEBTOON Entertainment by 24.4% in the 4th quarter. Rhumbline Advisers now owns 21,423 shares of the company's stock worth $291,000 after purchasing an additional 4,206 shares in the last quarter.
Insider Activity at WEBTOON Entertainment
In other WEBTOON Entertainment news, insider Junkoo Kim acquired 11,372 shares of WEBTOON Entertainment stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average cost of $8.73 per share, for a total transaction of $99,277.56. Following the completion of the acquisition, the insider now directly owns 498,812 shares of the company's stock, valued at $4,354,628.76. This represents a 2.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on WBTN shares. The Goldman Sachs Group reduced their price target on WEBTOON Entertainment from $25.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on shares of WEBTOON Entertainment from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley reduced their price objective 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, WEBTOON Entertainment has an average rating of "Moderate Buy" and an average target price of $16.75.
View Our Latest Stock Analysis on WEBTOON Entertainment
WEBTOON Entertainment Trading Down 0.5 %
WBTN stock traded down $0.04 during mid-day trading on Monday, reaching $8.62. The company's stock had a trading volume of 320,195 shares, compared to its average volume of 436,702. The company has a market cap of $1.11 billion and a price-to-earnings ratio of 18.74. WEBTOON Entertainment Inc. has a 12 month low of $6.75 and a 12 month high of $25.66. The business's 50 day moving average price is $8.85 and its 200 day moving average price is $11.06.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). The company had revenue of $352.85 million for the quarter, compared to the consensus estimate of $351.00 million. As a group, equities analysts expect that WEBTOON Entertainment Inc. will post -0.26 EPS for the current fiscal year.
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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