Upstart Holdings, Inc. (NASDAQ:UPST) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 49.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,475 shares of the company’s stock after acquiring an additional 486 shares during the period. Blue Trust Inc.’s holdings in Upstart were worth $91,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart during the third quarter worth about $35,000. BNP Paribas purchased a new position in Upstart in the 3rd quarter worth about $37,000. Hollencrest Capital Management purchased a new position in Upstart in the 3rd quarter worth about $40,000. Prospera Private Wealth LLC purchased a new position in Upstart in the 3rd quarter worth about $47,000. Finally, Quest Partners LLC increased its stake in Upstart by 1,424.8% in the 3rd quarter. Quest Partners LLC now owns 1,723 shares of the company’s stock worth $69,000 after purchasing an additional 1,610 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Upstart Stock Down 9.4 %

Shares of NASDAQ UPST opened at $71.77 on Friday. The business’s 50 day moving average is $68.36 and its two-hundred day moving average is $57.37. The company has a market cap of $6.73 billion, a P/E ratio of -49.16 and a beta of 2.25. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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 expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Paul Gu sold 87,600 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $69.39, for a total value of $6,078,564.00. Following the sale, the chief technology officer now owns 863,065 shares of the company’s stock, valued at $59,888,080.35. The trade was a 9.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,411 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $77.36, for a total value of $109,154.96. Following the completion of the transaction, the insider now directly owns 18,596 shares in the company, valued at approximately $1,438,586.56. This represents a 7.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,983 shares of company stock worth $13,598,414. Company insiders own 18.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UPST shares. Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $105.00 in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their price objective on Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler restated an “overweight” rating and set a $105.00 price objective (up from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. Two equities research 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. According to data from MarketBeat, Upstart presently has a consensus rating of “Hold” and a consensus 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.