Sassicaia Capital Advisers LLC Makes New Investment in Webull Corporation $BULL

Key Points

• Sassicaia Capital Advisers LLC bought 148,000 shares of Webull (NASDAQ: BULL) in Q2 — about $1.77M — making the position 1.1% of its portfolio and its 10th-largest holding.
• 92.48% institutional ownership — several other funds also initiated or added positions in Q2, notably Geode Capital Management with a roughly $3.81M stake.
• Stock snapshot: market cap ~$4.68B, negative P/E (-8.46) and a 12-month range of $7.57–$79.56; analysts have a consensus rating of Moderate Buy with a $16.50 target amid mixed individual ratings.

Sassicaia Capital Advisers LLC bought a new stake in Webull Corporation (NASDAQ:BULL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 148,000 shares of the company's stock, valued at approximately $1,770,000. Webull makes up about 1.1% of Sassicaia Capital Advisers LLC's portfolio, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in Webull in the second quarter valued at about $120,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Webull during the 2nd quarter worth approximately $439,000. Marathon Trading Investment Management LLC acquired a new stake in shares of Webull in the 2nd quarter valued at approximately $598,000. Geode Capital Management LLC purchased a new stake in shares of Webull in the second quarter valued at approximately $3,810,000. Finally, Warberg Asset Management LLC purchased a new stake in shares of Webull in the second quarter valued at approximately $359,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

Webull Stock Performance

NASDAQ:BULL opened at $9.47 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.68 billion, a P/E ratio of -8.46 and a beta of -0.14. The firm has a 50-day moving average price of $10.69 and a two-hundred day moving average price of $12.40. Webull Corporation has a twelve month low of $7.57 and a twelve month high of $79.56.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BULL shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Webull in a report on Monday. Zacks Research upgraded shares of Webull to a "hold" rating in a research note on Friday, September 5th. Rosenblatt Securities lowered their target price 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. Wall Street Zen upgraded shares of Webull from a "strong sell" rating to a "hold" rating in a research report on Sunday, November 23rd. Finally, Northland Capmk raised Webull to a "strong-buy" rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.50.

About Webull

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.

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