Stock Traders Buy Large Volume of Webull Call Options (NASDAQ:BULL)

Webull Corporation (NASDAQ:BULL) saw unusually large options trading on Tuesday. Stock investors bought 192,577 call options on the company. This represents an increase of approximately 45% compared to the typical daily volume of 132,522 call options.

Institutional Investors Weigh In On Webull

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Webull during the 2nd quarter valued at $69,000. Osaic Holdings Inc. purchased a new stake in shares of Webull in the second quarter valued at $30,000. Marex Group plc purchased a new stake in shares of Webull in the second quarter valued at $673,000. HSG Holding Ltd purchased a new stake in shares of Webull in the second quarter valued at $113,109,000. Finally, General Atlantic L.P. purchased a new stake in shares of Webull in the second quarter valued at $85,491,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on BULL. Northland Capmk upgraded Webull to a “strong-buy” rating in a research note on Thursday, September 4th. Northland Securities began coverage on Webull in a research note on Thursday, September 4th. They set an “outperform” rating and a $18.00 price objective on the stock. Zacks Research upgraded Webull to a “hold” rating in a research note on Friday, September 5th. Finally, Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Webull presently has a consensus rating of “Buy” and a consensus target price of $18.00.

Webull Trading Down 0.7%

NASDAQ:BULL opened at $14.00 on Wednesday. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of -12.50 and a beta of -0.17. The company’s 50 day moving average is $14.44. Webull has a 52 week low of $9.54 and a 52 week high of $79.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.42 and a quick ratio of 1.42.

Webull Company 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.