WEBTOON Entertainment Inc. $WBTN Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in WEBTOON Entertainment Inc. (NASDAQ:WBTN) by 60.8% during the second quarter, Holdings Channel.com reports. The fund owned 97,890 shares of the company’s stock after acquiring an additional 37,004 shares during the period. SG Americas Securities LLC’s holdings in WEBTOON Entertainment were worth $889,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in WEBTOON Entertainment by 12.3% in the 2nd quarter. Geode Capital Management LLC now owns 505,892 shares of the company’s stock valued at $4,594,000 after purchasing an additional 55,434 shares during the last quarter. Optimize Financial Inc purchased a new position in shares of WEBTOON Entertainment during the first quarter worth $1,132,000. Jane Street Group LLC acquired a new stake in shares of WEBTOON Entertainment in the first quarter valued at $619,000. Walleye Capital LLC acquired a new stake in shares of WEBTOON Entertainment in the first quarter valued at $488,000. Finally, American Century Companies Inc. raised its holdings in shares of WEBTOON Entertainment by 193.3% in the 1st quarter. American Century Companies Inc. now owns 43,803 shares of the company’s stock valued at $336,000 after buying an additional 28,867 shares during the period.

WEBTOON Entertainment Stock Performance

Shares of WEBTOON Entertainment stock opened at $13.60 on Monday. The business has a 50-day simple moving average of $17.48 and a 200-day simple moving average of $13.00. WEBTOON Entertainment Inc. has a one year low of $6.75 and a one year high of $22.47. The company has a market cap of $1.78 billion, a PE ratio of -13.47 and a beta of 1.75.

WEBTOON Entertainment (NASDAQ:WBTN) last issued its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. WEBTOON Entertainment had a negative net margin of 9.28% and a negative return on equity of 2.14%. The firm had revenue of $378.04 million for the quarter, compared to analysts’ expectations of $385.21 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. WEBTOON Entertainment has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that WEBTOON Entertainment Inc. will post -0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group cut WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, September 16th. The Goldman Sachs Group lifted their price objective on shares of WEBTOON Entertainment from $11.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of WEBTOON Entertainment from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, WEBTOON Entertainment has a consensus rating of “Hold” and an average price target of $17.33.

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.