Greenland Capital Management LP Cuts Stock Position in Webull Corporation $BULL

Key Points

• Greenland Capital Management cut its Webull position by 37.5% in the second quarter, selling 150,000 shares and retaining 250,000 shares valued at $1.63 million.
• Webull reported strong quarterly results, with EPS of $0.12 versus the $0.01 analyst consensus and revenue of $198.83 million, up 51.2% year over year.
• BULL opened at $9.74, while analysts held a consensus “Hold” rating with an $11.00 target price; insiders also recently sold shares, though institutional investors own 92.48% of the stock.

Greenland Capital Management LP cut its position in Webull Corporation (NASDAQ:BULL - Free Report) by 37.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,000 shares of the company's stock after selling 150,000 shares during the quarter. Greenland Capital Management LP's holdings in Webull were worth $1,630,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its holdings in shares of Webull by 23,123.1% in the 4th quarter. State Street Corp now owns 4,342,717 shares of the company's stock valued at $33,743,000 after buying an additional 4,324,017 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Webull by 938.5% in the 4th quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company's stock worth $28,230,000 after buying an additional 3,283,295 shares during the last quarter. Millennium Management LLC raised its stake in shares of Webull by 336.5% during the 4th quarter. Millennium Management LLC now owns 3,433,314 shares of the company's stock worth $26,677,000 after acquiring an additional 2,646,701 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Webull by 491.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company's stock worth $20,789,000 after acquiring an additional 3,359,441 shares in the last quarter. Finally, Marex Group plc lifted its position in Webull by 313.3% during the fourth quarter. Marex Group plc now owns 2,107,938 shares of the company's stock valued at $16,379,000 after acquiring an additional 1,597,921 shares during the last quarter. 92.48% of the stock is owned by hedge funds and other institutional investors.

Webull Price Performance

BULL opened at $9.74 on Monday. Webull Corporation has a 52-week low of $4.50 and a 52-week high of $16.04. The company has a market cap of $5.18 billion, a P/E ratio of 121.77 and a beta of 0.58. The firm's 50-day moving average price is $7.88 and its 200-day moving average price is $6.74.

Webull (NASDAQ:BULL - Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.11. The company had revenue of $198.83 million during the quarter. Webull had a net margin of 6.26% and a return on equity of 5.95%. The company's revenue was up 51.2% on a year-over-year basis. On average, research analysts anticipate that Webull Corporation will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BULL has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Webull from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 price target on shares of Webull in a research report on Friday, August 28th. Wall Street Zen upgraded Webull from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Scotiabank started coverage on Webull in a research report on Wednesday, September 2nd. They issued a "sector perform" rating and a $9.00 price objective for the company. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.00.

Insider Buying and Selling

In other Webull news, General Counsel Benjamin James sold 50,273 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $9.02, for a total value of $453,462.46. Following the completion of the transaction, the general counsel owned 1,150,991 shares of the company's stock, valued at approximately $10,381,938.82. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Anthony Michael Denier sold 53,848 shares of Webull stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $8.83, for a total transaction of $475,477.84. Following the sale, the president owned 2,332,295 shares of the company's stock, valued at $20,594,164.85. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 35.00% of the company's stock.

Webull Profile

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.

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