WINTON GROUP Ltd Takes Position in WEBTOON Entertainment Inc. (NASDAQ:WBTN)

WINTON GROUP Ltd bought a new stake in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,087 shares of the company’s stock, valued at approximately $413,000.

Separately, Federated Hermes Inc. bought a new position in shares of WEBTOON Entertainment in the 2nd quarter worth $32,145,000.

Wall Street Analyst Weigh In

WBTN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of WEBTOON Entertainment in a report on Monday, July 22nd. They issued a “neutral” rating and a $23.00 price target on the stock. Evercore ISI decreased their price target on shares of WEBTOON Entertainment from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. HSBC initiated coverage on shares of WEBTOON Entertainment in a report on Wednesday, September 4th. They issued a “buy” rating and a $23.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of WEBTOON Entertainment from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Morgan Stanley decreased their price target on shares of WEBTOON Entertainment from $23.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.17.

WEBTOON Entertainment Price Performance

Shares of NASDAQ WBTN opened at $10.51 on Thursday. The firm’s 50 day simple moving average is $15.89. WEBTOON Entertainment Inc. has a 12-month low of $10.22 and a 12-month high of $25.66.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.92. The firm had revenue of $320.97 million during the quarter, compared to the consensus estimate of $340.72 million. During the same quarter in the previous year, the company earned ($0.01) earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that WEBTOON Entertainment Inc. will post -1.3 EPS for the current year.

Insider Buying and Selling at WEBTOON Entertainment

In other news, insider Junkoo Kim bought 22,596 shares of the stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of $11.88 per share, for a total transaction of $268,440.48. Following the acquisition, the insider now owns 905,070 shares of the company’s stock, valued at $10,752,231.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other WEBTOON Entertainment news, insider Junkoo Kim bought 22,596 shares of the business’s stock in a transaction on Friday, August 16th. The shares were acquired at an average price of $11.88 per share, with a total value of $268,440.48. Following the transaction, the insider now owns 905,070 shares of the company’s stock, valued at approximately $10,752,231.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Yongsoo Kim acquired 7,800 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $12.92 per share, for a total transaction of $100,776.00. Following the transaction, the insider now owns 110,910 shares in the company, valued at $1,432,957.20. The disclosure for this purchase can be found here. Insiders acquired 56,526 shares of company stock worth $710,459 over the last 90 days.

WEBTOON Entertainment Company Profile

Our Vision To be the world’s storytelling technology platform empowering creation by anyone, for everyone. WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication.