136,356 Shares in WEBTOON Entertainment Inc. (NASDAQ:WBTN) Bought by State Street Corp

State Street Corp acquired a new position in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 136,356 shares of the company’s stock, valued at approximately $1,560,000. State Street Corp owned about 0.11% of WEBTOON Entertainment as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. purchased a new position in shares of WEBTOON Entertainment during the third quarter worth about $1,344,000. FMR LLC grew its stake in shares of WEBTOON Entertainment by 45.0% in the 3rd quarter. FMR LLC now owns 6,136,865 shares of the company’s stock valued at $70,206,000 after purchasing an additional 1,905,231 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of WEBTOON Entertainment in the second quarter valued at approximately $32,145,000. Ghisallo Capital Management LLC purchased a new stake in shares of WEBTOON Entertainment during the second quarter worth approximately $2,055,000. Finally, Hood River Capital Management LLC purchased a new position in WEBTOON Entertainment in the 2nd quarter valued at $10,352,000.

Wall Street Analysts Forecast Growth

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

WEBTOON Entertainment Price Performance

Shares of WBTN opened at $13.58 on Thursday. WEBTOON Entertainment Inc. has a fifty-two week low of $10.05 and a fifty-two week high of $25.66. The company has a fifty day simple moving average of $12.13.

About WEBTOON Entertainment

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.