Natixis Advisors LLC Takes Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Natixis Advisors LLC purchased a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,352 shares of the company’s stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPST. Intellectus Partners LLC acquired a new stake in shares of Upstart during the third quarter worth about $308,000. Oppenheimer Asset Management Inc. acquired a new stake in Upstart during the 3rd quarter worth approximately $826,000. Entropy Technologies LP purchased a new position in shares of Upstart in the 3rd quarter valued at approximately $1,111,000. Los Angeles Capital Management LLC purchased a new position in shares of Upstart in the 3rd quarter valued at approximately $334,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Upstart in the third quarter valued at approximately $1,839,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart Stock Performance

Shares of UPST stock opened at $78.43 on Thursday. The stock has a fifty day moving average price of $53.91 and a 200 day moving average price of $37.90. The stock has a market cap of $7.16 billion, a PE ratio of -40.64 and a beta of 1.97. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UPST shares. Wedbush increased their price target on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a report on Thursday, August 8th. Barclays increased their price target on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $56.00 to $87.00 in a report on Friday, November 8th. Finally, BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Upstart currently has a consensus rating of “Hold” and an average target price of $46.83.

Insider Activity

In other news, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $41.77, for a total value of $62,655.00. Following the sale, the chief financial officer now directly owns 346,093 shares in the company, valued at $14,456,304.61. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Darling sold 84,000 shares of Upstart stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $50.02, for a total value of $4,201,680.00. Following the transaction, the insider now owns 152,043 shares of the company’s stock, valued at $7,605,190.86. This represents a 35.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 502,939 shares of company stock worth $28,887,725 over the last 90 days. 18.06% of the stock is currently owned by corporate insiders.

Upstart Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.