Azora Capital LP Takes $9.22 Million Position in Webull Corporation $BULL

Azora Capital LP bought a new position in shares of Webull Corporation (NASDAQ:BULL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 770,575 shares of the company’s stock, valued at approximately $9,216,000. Azora Capital LP owned 0.17% of Webull as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Webull during the 2nd quarter worth approximately $439,000. Marathon Trading Investment Management LLC purchased a new stake in shares of Webull during the second quarter worth approximately $598,000. Sassicaia Capital Advisers LLC acquired a new stake in shares of Webull during the second quarter worth $1,770,000. Warberg Asset Management LLC acquired a new stake in shares of Webull during the second quarter worth $359,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Webull in the 2nd quarter valued at $120,000. Hedge funds and other institutional investors own 92.48% of the company’s stock.

Webull Stock Up 5.6%

BULL opened at $10.25 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $5.07 billion, a price-to-earnings ratio of -9.15 and a beta of -0.14. Webull Corporation has a one year low of $7.57 and a one year high of $79.56. The business’s fifty day moving average is $10.48 and its two-hundred day moving average is $12.36.

Analysts Set New Price Targets

A number of brokerages have commented on BULL. Northland Capmk upgraded shares of Webull to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Webull in a research note on Monday, December 1st. Rosenblatt Securities reduced their price objective on shares of Webull from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Zacks Research raised Webull to a “hold” rating in a report on Friday, September 5th. Finally, Wall Street Zen raised Webull from a “strong sell” rating to a “hold” rating in a research note on Sunday, November 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Webull Profile

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.