WEBTOON Entertainment (NASDAQ:WBTN) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of WEBTOON Entertainment (NASDAQ:WBTN) from a sell rating to a hold rating in a research report sent to investors on Sunday.

A number of other brokerages have also commented on WBTN. Zacks Research lowered WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 20th. UBS Group downgraded WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Evercore cut their target price on WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, WEBTOON Entertainment has an average rating of “Hold” and a consensus price target of $17.33.

WEBTOON Entertainment Trading Up 0.3%

NASDAQ:WBTN opened at $11.17 on Friday. WEBTOON Entertainment has a 12 month low of $6.75 and a 12 month high of $22.47. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -11.06 and a beta of 1.92. The firm has a fifty day simple moving average of $12.52 and a two-hundred day simple moving average of $14.67.

Hedge Funds Weigh In On WEBTOON Entertainment

Several large investors have recently bought and sold shares of WBTN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of WEBTOON Entertainment by 8.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock worth $89,000 after acquiring an additional 774 shares in the last quarter. AQR Capital Management LLC boosted its holdings in WEBTOON Entertainment by 1.2% during the fourth quarter. AQR Capital Management LLC now owns 90,643 shares of the company’s stock worth $1,181,000 after purchasing an additional 1,061 shares during the last quarter. BNP Paribas Financial Markets grew its position in WEBTOON Entertainment by 103.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after purchasing an additional 1,804 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in WEBTOON Entertainment in the 3rd quarter worth about $39,000. Finally, CWM LLC increased its stake in WEBTOON Entertainment by 54.1% in the 3rd quarter. CWM LLC now owns 7,204 shares of the company’s stock valued at $140,000 after buying an additional 2,530 shares during the last quarter.

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.