Lunate Capital Ltd Takes $231.08 Million Position in Webull Corporation $BULL

Lunate Capital Ltd acquired a new position in shares of Webull Corporation (NASDAQ:BULL) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 15,624,362 shares of the company’s stock, valued at approximately $231,084,000. Webull comprises approximately 34.8% of Lunate Capital Ltd’s portfolio, making the stock its biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in BULL. Advisory Services Network LLC bought a new stake in Webull in the 3rd quarter valued at $119,000. NewEdge Advisors LLC acquired a new position in Webull in the 3rd quarter worth $355,000. XTX Topco Ltd bought a new position in Webull during the 3rd quarter worth about $589,000. Vienna Asset Management LLC acquired a new stake in shares of Webull in the 3rd quarter valued at about $2,136,000. Finally, Tidal Investments LLC acquired a new stake in shares of Webull in the 3rd quarter valued at about $6,694,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

Webull Trading Up 3.0%

Shares of NASDAQ:BULL opened at $5.47 on Wednesday. The company’s 50-day moving average price is $6.67 and its two-hundred day moving average price is $9.35. Webull Corporation has a one year low of $5.24 and a one year high of $79.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.33 and a quick ratio of 1.40. The stock has a market capitalization of $2.74 billion, a PE ratio of -4.64 and a beta of -0.04.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BULL. Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a report on Sunday. Compass Point initiated coverage on Webull in a research report on Monday, March 9th. They issued a “buy” rating and a $9.00 target price on the stock. Rosenblatt Securities cut their target price on Webull from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Zacks Research downgraded Webull from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Webull in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.00.

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.