Yong Rong HK Asset Management Ltd acquired a new stake in Webull Corporation (NASDAQ:BULL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,000,000 shares of the company's stock, valued at approximately $38,850,000. Webull comprises 11.8% of Yong Rong HK Asset Management Ltd's portfolio, making the stock its 4th biggest position. Yong Rong HK Asset Management Ltd owned about 1.00% of Webull at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. PFG Investments LLC purchased a new position in shares of Webull in the 4th quarter valued at about $132,000. Ascent Group LLC purchased a new position in shares of Webull in the 4th quarter valued at about $103,000. SG Americas Securities LLC increased its holdings in shares of Webull by 3,486.6% in the 4th quarter. SG Americas Securities LLC now owns 413,279 shares of the company's stock valued at $3,211,000 after acquiring an additional 401,756 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Webull by 40.1% in the 3rd quarter. FNY Investment Advisers LLC now owns 45,000 shares of the company's stock valued at $665,000 after acquiring an additional 12,881 shares during the last quarter. Finally, Cantor Fitzgerald L. P. purchased a new position in shares of Webull in the 3rd quarter valued at about $1,475,000. Hedge funds and other institutional investors own 92.48% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Zacks Research downgraded Webull from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 10th. Compass Point assumed coverage on Webull in a report on Monday, March 9th. They issued a "buy" rating and a $9.00 price objective on the stock. Wall Street Zen upgraded Webull from a "sell" rating to a "hold" rating in a report on Sunday, March 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Webull in a report on Friday, March 27th. Finally, Rosenblatt Securities restated a "buy" rating and set a $12.00 price target on shares of Webull in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.00.
Get Our Latest Stock Analysis on Webull
Webull Trading Up 3.5%
NASDAQ:BULL opened at $7.14 on Tuesday. The stock's 50 day moving average price is $5.66 and its 200 day moving average price is $7.72. The company has a market capitalization of $3.75 billion, a PE ratio of -6.05 and a beta of 0.11. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.06. Webull Corporation has a 52-week low of $4.50 and a 52-week high of $18.85.
About Webull
(
Free Report)
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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