Tidal Investments LLC Increases Position in Webull Corporation $BULL

Key Points

• Tidal Investments increased its Webull position by 148.8% in the second quarter, acquiring 1.64 million additional shares and bringing its holdings to approximately 2.74 million shares valued at $17.9 million.
• Webull reported quarterly EPS of $0.12, exceeding the $0.01 consensus estimate, while revenue rose 51.2% year over year to $198.83 million. The stock opened at $9.30, with analysts holding a consensus “Hold” rating and an $11 price target.
• Insiders sold 157,967 shares worth approximately $1.44 million during the last quarter, even as institutional investors collectively owned 92.48% of Webull’s stock.

Tidal Investments LLC increased its holdings in Webull Corporation (NASDAQ:BULL - Free Report) by 148.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,741,993 shares of the company's stock after acquiring an additional 1,640,067 shares during the period. Tidal Investments LLC owned about 0.52% of Webull worth $17,878,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Legal & General Group Plc bought a new position in Webull in the 3rd quarter valued at $26,000. NewEdge Advisors LLC boosted its holdings in shares of Webull by 7.9% in the 4th quarter. NewEdge Advisors LLC now owns 25,918 shares of the company's stock worth $201,000 after buying an additional 1,895 shares during the last quarter. Osaic Holdings Inc. purchased a new position in shares of Webull in the 2nd quarter worth about $30,000. Greenland Capital Management LP grew its position in Webull by 0.3% during the second quarter. Greenland Capital Management LP now owns 1,158,725 shares of the company's stock valued at $2,225,000 after buying an additional 2,912 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Webull by 79.8% during the second quarter. Versant Capital Management Inc now owns 7,335 shares of the company's stock worth $48,000 after buying an additional 3,255 shares during the last quarter. 92.48% of the stock is currently owned by institutional investors.

Webull Stock Down 1.3%

NASDAQ BULL opened at $9.30 on Friday. The company has a market cap of $4.95 billion, a PE ratio of 116.26 and a beta of 0.58. Webull Corporation has a 52 week low of $4.50 and a 52 week high of $16.04. The firm's 50-day simple moving average is $8.09 and its two-hundred day simple moving average is $6.84.

Webull (NASDAQ:BULL - Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.11. The firm 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 for the quarter was up 51.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Webull Corporation will post 0.14 EPS for the current year.

Insider Buying and Selling

In related news, President Anthony Michael Denier sold 53,848 shares of Webull stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $8.83, for a total value of $475,477.84. Following the completion of the transaction, the president directly owned 2,332,295 shares in the company, valued at approximately $20,594,164.85. The trade was a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Benjamin James sold 50,273 shares of the business's stock in a transaction 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 sale, the general counsel directly owned 1,150,991 shares in the company, valued at $10,381,938.82. The trade was a 4.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 157,967 shares of company stock valued at $1,444,785 over the last quarter. 35.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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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