117,442 Shares in WEBTOON Entertainment Inc. (NASDAQ:WBTN) Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. bought a new position in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 117,442 shares of the company’s stock, valued at approximately $1,344,000. Charles Schwab Investment Management Inc. owned about 0.09% of WEBTOON Entertainment at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in WEBTOON Entertainment during the second quarter worth $32,145,000. WINTON GROUP Ltd bought a new position in shares of WEBTOON Entertainment during the 2nd quarter worth about $413,000. Hood River Capital Management LLC acquired a new position in shares of WEBTOON Entertainment during the second quarter valued at about $10,352,000. Davidson Kempner Capital Management LP bought a new stake in shares of WEBTOON Entertainment in the second quarter valued at about $1,610,000. Finally, Marshall Wace LLP acquired a new stake in WEBTOON Entertainment during the second quarter worth about $1,516,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WBTN shares. Deutsche Bank Aktiengesellschaft reduced their price objective on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. HSBC started coverage on shares of WEBTOON Entertainment in a report on Wednesday, September 4th. They set a “buy” rating and a $23.00 price objective for the company. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.83.

WEBTOON Entertainment Price Performance

WEBTOON Entertainment stock opened at $12.90 on Wednesday. The business’s fifty day moving average is $11.70. WEBTOON Entertainment Inc. has a 52-week low of $10.05 and a 52-week high of $25.66.

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.