Webull (NASDAQ:BULL) General Counsel Benjamin Worthy James Sells 50,273 Shares of Stock

Key Points

• Webull General Counsel Benjamin Worthy James sold 50,273 shares at an average price of $9.02, generating approximately $453,462. He retained 1,150,991 shares, reducing his position by 4.19%.
• Webull reported quarterly EPS of $0.12, beating the $0.01 consensus estimate, while revenue rose 51.2% year over year to $198.83 million.
• Institutional ownership stands at 92.48%, and analysts maintain a “Moderate Buy” consensus with an average price target of $14, compared with the stock’s recent opening price of $8.78.

Webull Corporation (NASDAQ:BULL - Get Free Report) General Counsel Benjamin Worthy James sold 50,273 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $9.02, for a total transaction of $453,462.46. Following the completion of the sale, the general counsel directly owned 1,150,991 shares of the company's stock, valued at $10,381,938.82. The trade was a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Webull Stock Performance

Shares of BULL stock opened at $8.78 on Monday. The company has a market cap of $4.67 billion, a PE ratio of 109.76 and a beta of 0.53. The company's fifty day simple moving average is $7.40 and its 200-day simple moving average is $6.53. Webull Corporation has a 52 week low of $4.50 and a 52 week high of $16.04.

Webull (NASDAQ:BULL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.11. Webull had a net margin of 6.26% and a return on equity of 5.95%. The firm had revenue of $198.83 million during the quarter. The firm's revenue for the quarter was up 51.2% on a year-over-year basis. Equities research analysts expect that Webull Corporation will post 0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Webull

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Yong Rong HK Asset Management Ltd acquired a new position in shares of Webull in the fourth quarter worth about $38,850,000. State Street Corp boosted its holdings in Webull by 23,123.1% in the fourth quarter. State Street Corp now owns 4,342,717 shares of the company's stock valued at $33,743,000 after purchasing an additional 4,324,017 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Webull by 491.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company's stock valued at $20,789,000 after purchasing an additional 3,359,441 shares in the last quarter. Geode Capital Management LLC grew its stake in Webull by 938.5% during the 4th quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company's stock valued at $28,230,000 after purchasing an additional 3,283,295 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in 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 purchasing an additional 2,646,701 shares during the last quarter. 92.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BULL. Wall Street Zen upgraded Webull from a "sell" rating to a "hold" rating in a report on Saturday. Rosenblatt Securities increased their price objective on shares of Webull from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Weiss Ratings raised shares of Webull from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

Webull Company 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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