Public Employees Retirement System of Ohio Acquires Shares of 11,800 WEBTOON Entertainment Inc. $WBTN

Public Employees Retirement System of Ohio acquired a new stake in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,800 shares of the company’s stock, valued at approximately $107,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in WEBTOON Entertainment during the first quarter valued at approximately $619,000. Optimize Financial Inc acquired a new stake in WEBTOON Entertainment during the first quarter valued at approximately $1,132,000. Dynamic Technology Lab Private Ltd acquired a new stake in WEBTOON Entertainment during the first quarter valued at approximately $129,000. Jacobs Levy Equity Management Inc. acquired a new stake in WEBTOON Entertainment during the first quarter valued at approximately $228,000. Finally, Walleye Capital LLC acquired a new stake in WEBTOON Entertainment during the first quarter valued at approximately $488,000.

WEBTOON Entertainment Stock Performance

Shares of NASDAQ WBTN opened at $18.20 on Wednesday. The stock has a fifty day moving average price of $15.28 and a two-hundred day moving average price of $11.09. The firm has a market cap of $2.38 billion, a P/E ratio of -23.64 and a beta of 1.80. WEBTOON Entertainment Inc. has a 1 year low of $6.75 and a 1 year high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $348.27 million during the quarter, compared to analyst estimates of $341.63 million. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. On average, research analysts predict that WEBTOON Entertainment Inc. will post -0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WBTN has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on 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 increased their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Evercore ISI increased their price target on WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.83.

WEBTOON Entertainment Company Profile

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.