WEBTOON Entertainment Inc. (NASDAQ:WBTN – Get Free Report) insider Junkoo Kim acquired 18,935 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of $12.74 per share, with a total value of $241,231.90. Following the completion of the transaction, the insider now directly owns 924,005 shares in the company, valued at $11,771,823.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Junkoo Kim also recently made the following trade(s):
- On Friday, August 16th, Junkoo Kim acquired 22,596 shares of WEBTOON Entertainment stock. The shares were bought at an average price of $11.88 per share, with a total value of $268,440.48.
WEBTOON Entertainment Price Performance
WBTN stock opened at $13.47 on Friday. WEBTOON Entertainment Inc. has a 52 week low of $11.15 and a 52 week high of $25.66.
Institutional Trading of WEBTOON Entertainment
A number of institutional investors and hedge funds have recently made changes to their positions in WBTN. Federated Hermes Inc. purchased a new stake in WEBTOON Entertainment during the 2nd quarter worth $32,145,000. WINTON GROUP Ltd purchased a new stake in WEBTOON Entertainment during the 2nd quarter worth $413,000. Hood River Capital Management LLC purchased a new stake in WEBTOON Entertainment during the 2nd quarter worth $10,352,000. Davidson Kempner Capital Management LP purchased a new stake in WEBTOON Entertainment during the 2nd quarter worth $1,610,000. Finally, Marshall Wace LLP purchased a new stake in WEBTOON Entertainment during the 2nd quarter worth $1,516,000.
Analyst Upgrades and Downgrades
WBTN has been the subject of several research reports. Morgan Stanley cut their price objective on WEBTOON Entertainment from $23.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. Evercore ISI cut their price target on WEBTOON Entertainment from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft cut their price target on WEBTOON Entertainment from $25.00 to $18.00 and set a “buy” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group cut their price target on WEBTOON Entertainment from $62.00 to $55.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. assumed coverage on WEBTOON Entertainment in a report on Monday, July 22nd. They issued a “neutral” rating and a $23.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.00.
Read Our Latest Report on WBTN
WEBTOON Entertainment Company Profile
Our Vision To be the world’s storytelling technology platform empowering creation by anyone, for everyone. WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication.
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