Marex Group plc Acquires Shares of 56,251 Webull Corporation $BULL

Marex Group plc bought a new stake in Webull Corporation (NASDAQ:BULL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 56,251 shares of the company’s stock, valued at approximately $673,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. HSG Holding Ltd acquired a new stake in shares of Webull during the second quarter worth approximately $113,109,000. General Atlantic L.P. acquired a new stake in Webull in the second quarter valued at $85,491,000. Marshall Wace LLP bought a new position in Webull during the 2nd quarter valued at $14,771,000. Azora Capital LP acquired a new position in Webull during the 2nd quarter worth $9,216,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Webull in the 2nd quarter worth about $3,871,000. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

Webull Stock Down 5.9%

NASDAQ:BULL opened at $9.16 on Monday. 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 stock has a 50 day moving average of $10.21 and a 200-day moving average of $12.29. The firm has a market capitalization of $4.53 billion, a PE ratio of -8.18 and a beta of -0.14. Webull Corporation has a 52 week low of $7.57 and a 52 week high of $79.56.

Analysts Set New Price Targets

BULL has been the topic of several research analyst reports. Northland Capmk raised shares of Webull to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Webull in a research note on Monday, December 8th. Wall Street Zen upgraded Webull from a “strong sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Zacks Research raised Webull to a “hold” rating in a research report on Friday, September 5th. Finally, Rosenblatt Securities decreased their price objective on shares of Webull from $19.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 21st. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.