General Atlantic L.P. Acquires New Holdings in Webull Corporation $BULL

General Atlantic L.P. bought a new position in Webull Corporation (NASDAQ:BULL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,148,051 shares of the company’s stock, valued at approximately $85,491,000. Webull accounts for 2.4% of General Atlantic L.P.’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Webull in the 2nd quarter valued at $439,000. Marathon Trading Investment Management LLC bought a new position in Webull during the second quarter worth about $598,000. Sassicaia Capital Advisers LLC acquired a new position in Webull in the second quarter valued at about $1,770,000. Azora Capital LP acquired a new position in Webull in the second quarter valued at about $9,216,000. Finally, Marshall Wace LLP bought a new stake in shares of Webull in the second quarter worth about $14,771,000. 92.48% of the stock is owned by institutional investors.

Webull Trading Down 5.9%

NASDAQ BULL opened at $9.16 on Friday. Webull Corporation has a 52 week low of $7.57 and a 52 week high of $79.56. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50 day moving average price is $10.21 and its two-hundred day moving average price is $12.31. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of -8.18 and a beta of -0.14.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BULL. Northland Securities initiated coverage on Webull in a report on Thursday, September 4th. They set an “outperform” rating and a $18.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Webull in a report on Monday. Northland Capmk upgraded shares of Webull to a “strong-buy” rating in a report on Thursday, September 4th. Zacks Research upgraded shares of Webull to a “hold” rating in a report on Friday, September 5th. Finally, Rosenblatt Securities cut their price objective on shares of Webull from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Webull Profile

Webull Corp. engages in the provision of financial services. It offers trading, wealth management product distribution, market data and information, user community, and investor education. The company was founded by An Quan Wang in 2016 and is headquartered in St. Petersburg, FL.