Corient Private Wealth LP Buys 176,233 Shares of Webull Corporation $BULL

Key Points

• Corient Private Wealth increased its Webull stake by 76.4% in the second quarter, acquiring 176,233 shares and ending with 406,761 shares worth approximately $2.65 million. Institutional investors collectively own 92.48% of Webull.
• Analyst sentiment remains mixed, with Webull carrying an average “Hold” rating and an $11 price target; individual targets range from $9 to $15.
• Webull reported quarterly EPS of $0.12, beating estimates of $0.01, while revenue rose 51.2% year over year to $198.83 million. However, insiders sold 212,967 shares worth roughly $1.94 million over the past 90 days.

Corient Private Wealth LP boosted its position in shares of Webull Corporation (NASDAQ:BULL - Free Report) by 76.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,761 shares of the company's stock after acquiring an additional 176,233 shares during the period. Corient Private Wealth LP owned 0.08% of Webull worth $2,652,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP acquired a new position in shares of Webull during the first quarter worth approximately $1,584,000. Renaissance Technologies LLC raised its stake in Webull by 321.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,535,199 shares of the company's stock valued at $7,369,000 after purchasing an additional 1,170,799 shares during the last quarter. Virtu Financial LLC bought a new stake in Webull in the 4th quarter valued at $799,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in Webull by 112.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 738,600 shares of the company's stock worth $3,545,000 after purchasing an additional 391,236 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in Webull by 319.2% in the 4th quarter. WINTON GROUP Ltd now owns 418,317 shares of the company's stock worth $3,250,000 after purchasing an additional 318,526 shares during the last quarter. Institutional investors own 92.48% of the company's stock.

Wall Street Analyst Weigh In

BULL has been the subject of several research reports. Scotiabank began coverage on shares of Webull in a research note on Wednesday, September 2nd. They issued a "sector perform" rating and a $9.00 target price for the company. Wall Street Zen upgraded Webull from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Webull in a research report on Friday, August 28th. Finally, Weiss Ratings upgraded Webull from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, September 14th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.00.

Insider Buying and Selling

In related news, President Anthony Michael Denier sold 53,846 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $9.58, for a total value of $515,844.68. Following the transaction, the president directly owned 2,278,449 shares in the company, valued at $21,827,541.42. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Benjamin James sold 50,273 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $9.02, for a total transaction of $453,462.46. Following the completion of the transaction, the general counsel directly owned 1,150,991 shares in the company, valued at approximately $10,381,938.82. The trade was a 4.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 212,967 shares of company stock valued at $1,938,685 over the last ninety days. Insiders own 35.00% of the company's stock.

Webull Price Performance

NASDAQ BULL opened at $8.25 on Tuesday. Webull Corporation has a one year low of $4.50 and a one year high of $16.04. The firm has a market cap of $4.39 billion, a PE ratio of 103.14 and a beta of 0.58. The stock's 50 day simple moving average is $8.25 and its 200 day simple moving average is $6.96.

Webull (NASDAQ:BULL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.11. The firm had revenue of $198.83 million for the quarter. Webull had a return on equity of 5.95% and a net margin of 6.26%.The firm's revenue for the quarter was up 51.2% on a year-over-year basis. As a group, equities analysts expect that Webull Corporation will post 0.14 earnings per share for the current year.

Webull Profile

Webull Corporation NASDAQ: BULL is a digital brokerage and financial technology company that operates an online investment platform for self-directed investors. Its platform is available through mobile applications, desktop software and a web interface, combining brokerage services with market data, research tools, charting capabilities and investor education resources.

Depending on the applicable jurisdiction, Webull provides access to products such as stocks, exchange-traded funds, options, fractional shares and cryptocurrency.

Want to see what other hedge funds are holding BULL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Webull Corporation (NASDAQ:BULL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.