Vontobel Holding Ltd. Invests $234,000 in Upstart Holdings, Inc. (NASDAQ:UPST)

Vontobel Holding Ltd. purchased a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,800 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UPST. Blue Trust Inc. grew its holdings in shares of Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after buying an additional 550 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Upstart in the 3rd quarter valued at approximately $235,000. International Assets Investment Management LLC boosted its holdings in Upstart by 4,087.8% in the 3rd quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock valued at $9,333,000 after purchasing an additional 227,688 shares in the last quarter. Bristlecone Advisors LLC purchased a new stake in Upstart in the 3rd quarter valued at approximately $258,000. Finally, TCI Wealth Advisors Inc. boosted its holdings in Upstart by 6.5% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 44,756 shares of the company’s stock valued at $1,791,000 after purchasing an additional 2,732 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Upstart

In other Upstart news, CTO Paul Gu sold 58,786 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $75.93, for a total value of $4,463,620.98. Following the completion of the transaction, the chief technology officer now directly owns 863,065 shares in the company, valued at approximately $65,532,525.45. The trade was a 6.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20. Following the completion of the transaction, the chief executive officer now owns 57,138 shares of the company’s stock, valued at $3,576,838.80. This trade represents a 42.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 193,983 shares of company stock worth $13,598,414. Insiders own 18.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $12.00 to $70.00 in a report on Friday, February 14th. Needham & Company LLC lifted their price objective on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Bank of America lifted their price objective on Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a report on Wednesday, February 12th. Finally, B. Riley raised Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $105.00 in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.38.

Upstart Price Performance

Shares of Upstart stock opened at $71.77 on Friday. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The company has a market capitalization of $6.73 billion, a P/E ratio of -49.16 and a beta of 2.25. The business has a 50 day moving average price of $68.36 and a 200 day moving average price of $57.13.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, research analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

About Upstart

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.