Barclays PLC increased its position in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) by 1,404.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 523,589 shares of the company's stock after purchasing an additional 488,779 shares during the quarter. Barclays PLC owned approximately 0.41% of WEBTOON Entertainment worth $5,990,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. purchased a new position in WEBTOON Entertainment in the 3rd quarter worth approximately $1,344,000. FMR LLC increased its holdings in shares of WEBTOON Entertainment by 45.0% in the third 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. purchased a new position in WEBTOON Entertainment during the second quarter worth approximately $32,145,000. Ghisallo Capital Management LLC acquired a new position in WEBTOON Entertainment during the second quarter worth $2,055,000. Finally, Hood River Capital Management LLC acquired a new position in WEBTOON Entertainment during the second quarter worth $10,352,000.
WBTN has been the topic of a number of analyst reports. HSBC began coverage on shares of WEBTOON Entertainment in a research note on Wednesday, September 4th. They set a "buy" rating and a $23.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of WEBTOON Entertainment from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, WEBTOON Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $26.83.
Read Our Latest Analysis on WEBTOON Entertainment
WEBTOON Entertainment stock opened at $12.42 on Friday. WEBTOON Entertainment Inc. has a fifty-two week low of $10.05 and a fifty-two week high of $25.66. The firm has a fifty day moving average price of $11.75.
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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