Brandywine Global Investment Management LLC Invests $3.90 Million in WEBTOON Entertainment Inc. $WBTN

Brandywine Global Investment Management LLC acquired a new position in WEBTOON Entertainment Inc. (NASDAQ:WBTN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 299,547 shares of the company’s stock, valued at approximately $3,903,000.

A number of other hedge funds have also recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in shares of WEBTOON Entertainment in the 4th quarter worth approximately $565,000. State of Wyoming bought a new stake in shares of WEBTOON Entertainment in the 4th quarter worth approximately $96,000. Goldman Sachs Group Inc. lifted its holdings in shares of WEBTOON Entertainment by 81.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 132,882 shares of the company’s stock worth $1,731,000 after acquiring an additional 59,652 shares during the last quarter. Norges Bank bought a new stake in shares of WEBTOON Entertainment in the 4th quarter worth approximately $1,153,000. Finally, Geode Capital Management LLC lifted its holdings in shares of WEBTOON Entertainment by 4.4% in 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 last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $10.00 price objective on shares of WEBTOON Entertainment in a report on Thursday, March 5th. HSBC lowered shares of WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price objective for the company. in a report on Wednesday, March 4th. Evercore reiterated an “outperform” rating and set a $15.00 price target on shares of WEBTOON Entertainment in a report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.75.

WEBTOON Entertainment Stock Up 1.1%

NASDAQ:WBTN opened at $11.20 on Thursday. The company has a fifty day moving average of $11.75 and a 200 day moving average of $11.88. WEBTOON Entertainment Inc. has a 52 week low of $8.16 and a 52 week high of $22.47. The firm has a market capitalization of $1.51 billion, a P/E ratio of -4.39 and a beta of 2.48.

WEBTOON Entertainment Profile

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.