WEBTOON Entertainment (NASDAQ:WBTN – Free Report) had its price target cut by JPMorgan Chase & Co. from $11.00 to $10.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
A number of other analysts have also recently weighed in on the company. Evercore restated an “outperform” rating and issued a $12.00 price target on shares of WEBTOON Entertainment in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.70.
Read Our Latest Analysis on WBTN
WEBTOON Entertainment Stock Down 1.4%
Hedge Funds Weigh In On WEBTOON Entertainment
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. purchased a new position in WEBTOON Entertainment in the 4th quarter valued at $27,000. Parallel Advisors LLC boosted its holdings in WEBTOON Entertainment by 620.4% in the 1st quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock valued at $41,000 after purchasing an additional 3,828 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in WEBTOON Entertainment by 103.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock valued at $69,000 after purchasing an additional 1,804 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in WEBTOON Entertainment by 13.3% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 8,500 shares of the company’s stock worth $78,000 after purchasing an additional 1,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in WEBTOON Entertainment by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock worth $89,000 after purchasing an additional 774 shares during the period.
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.
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