Geode Capital Management LLC lifted its position in WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) by 290.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 412,131 shares of the company's stock after acquiring an additional 306,496 shares during the quarter. Geode Capital Management LLC owned approximately 0.32% of WEBTOON Entertainment worth $4,716,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in WEBTOON Entertainment by 1,404.1% in the 3rd quarter. Barclays PLC now owns 523,589 shares of the company's stock worth $5,990,000 after acquiring an additional 488,779 shares in the last quarter. State Street Corp purchased a new stake in shares of WEBTOON Entertainment in the third quarter worth approximately $1,560,000. Potrero Capital Research LLC acquired a new stake in shares of WEBTOON Entertainment during the third quarter worth approximately $4,176,000. Verition Fund Management LLC purchased a new position in WEBTOON Entertainment during the third quarter valued at approximately $261,000. Finally, MetLife Investment Management LLC acquired a new position in WEBTOON Entertainment in the 3rd quarter valued at approximately $107,000.
WEBTOON Entertainment Stock Down 1.2 %
NASDAQ WBTN traded down $0.17 during trading on Monday, reaching $13.83. The company's stock had a trading volume of 236,052 shares, compared to its average volume of 247,927. WEBTOON Entertainment Inc. has a 1-year low of $10.05 and a 1-year high of $25.66. The stock has a 50-day simple moving average of $12.23.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft lowered their price target on shares of WEBTOON Entertainment from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, WEBTOON Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $26.83.
Check Out Our Latest Research Report on WEBTOON Entertainment
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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