Prospera Private Wealth LLC Makes New $47,000 Investment in Upstart Holdings, Inc. (NASDAQ:UPST)

Prospera Private Wealth LLC acquired a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,171 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Upstart by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock worth $191,698,000 after buying an additional 115,057 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of Upstart by 0.3% in the third quarter. Pathstone Holdings LLC now owns 396,408 shares of the company’s stock valued at $15,860,000 after buying an additional 1,119 shares in the last quarter. Liontrust Investment Partners LLP increased its position in Upstart by 26.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 290,000 shares of the company’s stock valued at $6,841,000 after acquiring an additional 60,000 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Upstart by 15.3% during the second quarter. Bank of New York Mellon Corp now owns 272,430 shares of the company’s stock valued at $6,427,000 after purchasing an additional 36,206 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Upstart by 1,792.9% during the 2nd quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock worth $6,190,000 after buying an additional 277,896 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Insider Transactions at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $41.03, for a total transaction of $205,150.00. Following the transaction, the insider now owns 22,477 shares of the company’s stock, valued at $922,231.31. The trade was a 18.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Darling sold 1,300 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $40.01, for a total transaction of $52,013.00. Following the sale, the insider now directly owns 161,043 shares in the company, valued at $6,443,330.43. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 451,742 shares of company stock valued at $24,719,949 over the last three months. Company insiders own 18.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UPST. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $30.00 to $45.00 in a research report on Friday, November 8th. Barclays upped their target price on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Mizuho lifted their price target on shares of Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Piper Sandler upgraded shares of Upstart from a “neutral” rating to an “overweight” rating and upped their target price for the company from $31.00 to $85.00 in a research report on Friday, November 8th. Finally, Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and increased their price target for the company from $56.00 to $87.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Upstart currently has an average rating of “Hold” and a consensus price target of $46.83.

Upstart Trading Up 3.7 %

UPST stock opened at $74.06 on Friday. The stock has a 50-day moving average price of $51.40 and a two-hundred day moving average price of $36.68. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07. The stock has a market cap of $6.76 billion, a PE ratio of -38.37 and a beta of 1.97.

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.