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

WEBTOON Entertainment (NASDAQ:WBTN) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

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

WEBTOON Entertainment Price Performance

WEBTOON Entertainment stock opened at $11.17 on Friday. The business has a 50 day moving average of $12.52 and a 200-day moving average of $14.63. The company has a market capitalization of $1.46 billion, a P/E ratio of -11.06 and a beta of 1.92. WEBTOON Entertainment has a 1 year low of $6.75 and a 1 year high of $22.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WBTN. Bank of America Corp DE increased its stake in shares of WEBTOON Entertainment by 966.9% in the second quarter. Bank of America Corp DE now owns 823,708 shares of the company’s stock worth $7,479,000 after purchasing an additional 746,505 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in WEBTOON Entertainment in the 4th quarter valued at approximately $3,903,000. Marshall Wace LLP raised its holdings in WEBTOON Entertainment by 1,281.8% during the 3rd quarter. Marshall Wace LLP now owns 313,137 shares of the company’s stock valued at $6,078,000 after acquiring an additional 290,476 shares during the period. Millennium Management LLC raised its holdings in WEBTOON Entertainment by 329.0% during the 4th quarter. Millennium Management LLC now owns 191,048 shares of the company’s stock valued at $2,489,000 after acquiring an additional 146,514 shares during the period. Finally, Norges Bank bought a new position in shares of WEBTOON Entertainment in the second quarter worth $1,271,000.

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.