Upstart Holdings, Inc. (NASDAQ:UPST) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 657,118 shares of the company’s stock after purchasing an additional 14,242 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.72% of Upstart worth $40,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Upstart in the fourth quarter worth about $1,015,000. Jones Financial Companies Lllp lifted its holdings in shares of Upstart by 3.1% during the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock valued at $339,000 after purchasing an additional 167 shares during the last quarter. Bailard Inc. increased its position in shares of Upstart by 0.5% in the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock worth $2,386,000 after acquiring an additional 212 shares in the last quarter. US Bancorp DE boosted its position in shares of Upstart by 18.5% in the fourth quarter. US Bancorp DE now owns 10,704 shares of the company’s stock worth $659,000 after buying an additional 1,672 shares during the period. Finally, SVB Wealth LLC acquired a new position in shares of Upstart in the 4th quarter valued at about $1,306,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 794 shares of Upstart stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $62,741.88. Following the completion of the transaction, the insider now directly owns 21,985 shares of the company’s stock, valued at $1,737,254.70. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sanjay Datta sold 16,070 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the sale, the chief financial officer now owns 295,537 shares of the company’s stock, valued at $23,353,333.74. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,062 shares of company stock worth $5,247,182 in the last three months. Insiders own 18.06% of the company’s stock.

Upstart Trading Up 4.8 %

NASDAQ:UPST opened at $48.54 on Friday. The business’s 50-day moving average price is $65.08 and its two-hundred day moving average price is $59.43. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -33.25 and a beta of 2.25. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $96.43.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. Sell-side analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on UPST. Wedbush boosted their target price on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Redburn Atlantic upgraded shares of Upstart from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Bank of America upped their target price on Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a research note on Wednesday, February 12th. Finally, Needham & Company LLC lifted their target price on shares of Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Upstart presently has a consensus rating of “Hold” and an average target price of $73.38.

Upstart Company 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.