WEBTOON Entertainment (NASDAQ:WBTN) Trading 10.8% Higher – Still a Buy?

WEBTOON Entertainment Inc. (NASDAQ:WBTN) shares traded up 10.8% during trading on Wednesday . The company traded as high as $13.57 and last traded at $13.4710. 330,773 shares were traded during mid-day trading, a decline of 1% from the average session volume of 335,288 shares. The stock had previously closed at $12.16.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Monday, April 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $10.00 price target on shares of WEBTOON Entertainment in a research note on Thursday, March 5th. Wall Street Zen lowered shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, March 2nd. HSBC lowered shares of WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 target price on the stock. in a research report on Wednesday, March 4th. Finally, Evercore restated an “outperform” rating and set a $15.00 target price on shares of WEBTOON Entertainment in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.07.

WEBTOON Entertainment Trading Up 13.7%

The stock’s 50-day simple moving average is $10.68 and its 200-day simple moving average is $12.48. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -5.42 and a beta of 2.59.

Institutional Trading of WEBTOON Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in shares of WEBTOON Entertainment by 8.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 939,475 shares of the company’s stock worth $18,235,000 after acquiring an additional 73,777 shares during the period. Bank of America Corp DE lifted its holdings in shares of WEBTOON Entertainment by 966.9% during the 2nd quarter. Bank of America Corp DE now owns 823,708 shares of the company’s stock worth $7,479,000 after acquiring an additional 746,505 shares during the period. Geode Capital Management LLC lifted its holdings in shares of WEBTOON Entertainment by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 550,280 shares of the company’s stock worth $7,171,000 after acquiring an additional 23,420 shares during the period. Vanguard Group Inc. lifted its holdings in shares of WEBTOON Entertainment by 22.8% during the 3rd quarter. Vanguard Group Inc. now owns 427,623 shares of the company’s stock worth $8,300,000 after acquiring an additional 79,295 shares during the period. Finally, State Street Corp lifted its holdings in shares of WEBTOON Entertainment by 0.9% during the 4th quarter. State Street Corp now owns 366,437 shares of the company’s stock worth $4,775,000 after acquiring an additional 3,443 shares during the period.

About WEBTOON Entertainment

Webtoon Entertainment Inc operates WEBTOON, a leading digital comics platform offering a diverse library of user-generated and professionally produced webcomics. The company enables creators around the world to publish serialized content in a vertical-scrolling format optimized for mobile and web consumption. Through its platform, readers can access thousands of titles across genres such as romance, fantasy, drama, and action, with both free-to-read episodes and advanced access options supported by microtransactions and advertising.

Founded as part of Naver Corporation and launched internationally in 2014, Webtoon Entertainment has grown rapidly by fostering a direct connection between comic creators and global audiences.