SG Americas Securities LLC Sells 90,742 Shares of WEBTOON Entertainment Inc. $WBTN

SG Americas Securities LLC decreased its holdings in WEBTOON Entertainment Inc. (NASDAQ:WBTN) by 92.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,148 shares of the company’s stock after selling 90,742 shares during the period. SG Americas Securities LLC’s holdings in WEBTOON Entertainment were worth $139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WBTN. Signaturefd LLC raised its position in WEBTOON Entertainment by 59.6% during the second quarter. Signaturefd LLC now owns 3,375 shares of the company’s stock valued at $31,000 after purchasing an additional 1,261 shares during the period. CWM LLC increased its position in shares of WEBTOON Entertainment by 649.0% during the 2nd quarter. CWM LLC now owns 4,674 shares of the company’s stock valued at $42,000 after purchasing an additional 4,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 valued at $89,000 after purchasing an additional 774 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in WEBTOON Entertainment during the 2nd quarter valued at $107,000. Finally, Invesco Ltd. bought a new stake in WEBTOON Entertainment in the first quarter worth $123,000.

WEBTOON Entertainment Price Performance

WBTN stock opened at $12.09 on Friday. WEBTOON Entertainment Inc. has a 12 month low of $6.75 and a 12 month high of $22.47. The firm’s 50-day moving average is $13.30 and its 200 day moving average is $14.46. The company has a market capitalization of $1.58 billion, a PE ratio of -11.97 and a beta of 1.92.

WEBTOON Entertainment (NASDAQ:WBTN) last issued its earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. WEBTOON Entertainment had a negative net margin of 9.28% and a negative return on equity of 2.14%. The business had revenue of $378.04 million for the quarter, compared to the consensus estimate of $385.21 million. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts forecast that WEBTOON Entertainment Inc. will post -0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

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

WEBTOON Entertainment Profile

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.