Union Bancaire Privee UBP SA Buys Shares of 32,842 Upstart Holdings, Inc. (NASDAQ:UPST)

Union Bancaire Privee UBP SA acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,842 shares of the company’s stock, valued at approximately $2,057,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Upstart during the third quarter valued at about $35,000. BNP Paribas bought a new stake in shares of Upstart during the third quarter valued at about $37,000. Hollencrest Capital Management bought a new stake in shares of Upstart during the third quarter valued at about $40,000. Blue Trust Inc. raised its stake in shares of Upstart by 125.3% during the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Upstart during the third quarter valued at about $47,000. 63.01% of the stock is currently owned by institutional investors.

Upstart Trading Down 9.4 %

Shares of UPST opened at $71.77 on Monday. The business’s 50-day moving average price is $68.36 and its 200 day moving average price is $57.54. The stock has a market capitalization of $6.73 billion, a P/E ratio of -49.16 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 issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share 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%. On average, research analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insider Buying and Selling at Upstart

In other Upstart news, CTO Paul Gu sold 4,019 shares of Upstart stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $75.00, for a total transaction of $301,425.00. Following the transaction, the chief technology officer now owns 863,065 shares of the company’s stock, valued at $64,729,875. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction dated 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 transaction, the chief executive officer now directly owns 57,138 shares in the company, valued at approximately $3,576,838.80. This trade represents a 42.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,786 shares of company stock valued at $9,025,638 in the last 90 days. 18.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UPST shares. Barclays lifted their price objective on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $12.00 to $70.00 in a report on Friday, February 14th. Citigroup lifted their target price on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $57.00 to $79.00 in a report on Wednesday, February 12th. Finally, BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Two equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $73.38.

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.