SummitTX Capital L.P. Boosts Stake in Webull Corporation $BULL

SummitTX Capital L.P. boosted its position in shares of Webull Corporation (NASDAQ:BULL) by 126.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 245,192 shares of the company’s stock after acquiring an additional 136,716 shares during the quarter. SummitTX Capital L.P.’s holdings in Webull were worth $1,177,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Yong Rong HK Asset Management Ltd acquired a new stake in Webull during the 4th quarter valued at approximately $38,850,000. State Street Corp increased its stake in shares of Webull by 23,123.1% in the fourth quarter. State Street Corp now owns 4,342,717 shares of the company’s stock worth $33,743,000 after acquiring an additional 4,324,017 shares during the period. Geode Capital Management LLC increased its stake in shares of Webull by 938.5% in the fourth quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company’s stock worth $28,230,000 after acquiring an additional 3,283,295 shares during the period. Millennium Management LLC raised its holdings in shares of Webull by 336.5% during the fourth 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. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Webull by 491.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock worth $20,789,000 after purchasing an additional 3,359,441 shares during the last quarter. Hedge funds and other institutional investors own 92.48% of the company’s stock.

Webull Price Performance

Shares of Webull stock opened at $7.01 on Thursday. The stock has a market capitalization of $3.73 billion, a P/E ratio of -6.04 and a beta of 0.55. The business has a 50 day simple moving average of $6.86 and a two-hundred day simple moving average of $6.54. Webull Corporation has a 12 month low of $4.50 and a 12 month high of $17.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.35 and a quick ratio of 1.35.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Rosenblatt Securities upped their price target on shares of Webull from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Weiss Ratings upgraded Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 20th. Finally, Wall Street Zen cut Webull from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

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.