Traders Buy High Volume of Call Options on Webull (NASDAQ:BULL)

Webull Corporation (NASDAQ:BULL) saw unusually large options trading activity on Wednesday. Stock traders purchased 122,331 call options on the company. This is an increase of approximately 65% compared to the average volume of 74,078 call options.

Webull Stock Up 11.3%

Shares of Webull stock traded up $0.62 on Wednesday, hitting $6.12. The company had a trading volume of 25,648,561 shares, compared to its average volume of 12,392,227. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of -5.28 and a beta of 0.56. Webull has a 1 year low of $4.50 and a 1 year high of $18.32. The stock has a 50 day moving average of $6.27 and a 200-day moving average of $6.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.35 and a current ratio of 1.35.

Institutional Trading of Webull

Several institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in shares of Webull during the third quarter valued at approximately $26,000. NewEdge Advisors LLC increased its position in shares of Webull by 7.9% during the fourth quarter. NewEdge Advisors LLC now owns 25,918 shares of the company’s stock valued at $201,000 after acquiring an additional 1,895 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Webull during the second quarter valued at approximately $30,000. Jones Financial Companies Lllp increased its position in shares of Webull by 860.7% during the third quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company’s stock valued at $45,000 after acquiring an additional 2,651 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Webull by 44.7% during the fourth quarter. Advisory Services Network LLC now owns 11,650 shares of the company’s stock valued at $91,000 after acquiring an additional 3,600 shares during the last quarter. 92.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $12.00 price target on shares of Webull in a research note on Wednesday. Zacks Research downgraded Webull from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Wall Street Zen downgraded Webull from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Compass Point assumed coverage on Webull in a research note on Monday, March 9th. They set a “buy” rating and a $9.00 price target on the stock. Finally, Weiss Ratings raised Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.00.

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.