WEBTOON Entertainment (NASDAQ:WBTN) Shares Down 0.3% – Should You Sell?

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) fell 0.3% during mid-day trading on Thursday . The company traded as low as $11.34 and last traded at $11.40. Approximately 182,790 shares were traded during trading, a decline of 38% from the average session volume of 296,734 shares. The stock had previously closed at $11.43.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WBTN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Monday, April 20th. Wall Street Zen upgraded WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.75.

WEBTOON Entertainment Trading Down 0.3%

The company’s 50-day simple moving average is $11.93 and its 200 day simple moving average is $11.60. The stock has a market cap of $1.54 billion, a P/E ratio of -4.47 and a beta of 2.48.

Institutional Trading of WEBTOON Entertainment

A number of hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in WEBTOON Entertainment during the third quarter worth $39,000. Rockefeller Capital Management L.P. bought a new position in WEBTOON Entertainment in the 4th quarter valued at $27,000. BNP Paribas Financial Markets grew its stake 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 during the period. Parallel Advisors LLC increased its position in shares of WEBTOON Entertainment by 620.4% during 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 during the last quarter. Finally, State of Wyoming purchased a new stake in shares of WEBTOON Entertainment during the 4th quarter valued at $96,000.

WEBTOON Entertainment Company 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.