Barclays PLC boosted its stake in WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) by 1,404.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,589 shares of the company's stock after purchasing an additional 488,779 shares during the period. Barclays PLC owned approximately 0.41% of WEBTOON Entertainment worth $5,990,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in WBTN. BNP Paribas Financial Markets purchased a new position in shares of WEBTOON Entertainment in the third quarter valued at $45,000. Sandia Investment Management LP purchased a new position in WEBTOON Entertainment in the 2nd quarter valued at about $114,000. MetLife Investment Management LLC acquired a new stake in shares of WEBTOON Entertainment during the third quarter valued at about $107,000. WINTON GROUP Ltd acquired a new stake in shares of WEBTOON Entertainment during the second quarter valued at about $413,000. Finally, Verition Fund Management LLC purchased a new stake in shares of WEBTOON Entertainment during the third quarter worth about $261,000.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their price target on WEBTOON Entertainment from $18.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. HSBC began coverage on WEBTOON Entertainment in a research note on Wednesday, September 4th. They set a "buy" rating and a $23.00 target price for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.83.
Read Our Latest Research Report on WEBTOON Entertainment
WEBTOON Entertainment Stock Up 5.1 %
WEBTOON Entertainment stock traded up $0.63 during midday trading on Friday, hitting $13.05. The stock had a trading volume of 549,502 shares, compared to its average volume of 464,862. The business's fifty day moving average is $11.79. WEBTOON Entertainment Inc. has a 12 month low of $10.05 and a 12 month high of $25.66.
About WEBTOON Entertainment
(
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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