Xponance Inc. Raises Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Xponance Inc. raised its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 13.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,770 shares of the company’s stock after purchasing an additional 678 shares during the quarter. Xponance Inc.’s holdings in Upstart were worth $355,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Upstart by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after acquiring an additional 29,482 shares during the last quarter. Fred Alger Management LLC raised its position in Upstart by 153.2% during the 3rd quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after purchasing an additional 754,416 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Upstart by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 657,118 shares of the company’s stock worth $40,459,000 after buying an additional 14,242 shares during the period. Two Sigma Advisers LP grew its position in shares of Upstart by 689.5% in the 3rd quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock worth $23,566,000 after buying an additional 514,400 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Upstart by 1,413.7% during the third quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock valued at $13,342,000 after buying an additional 311,434 shares during the period. Institutional investors own 63.01% of the company’s stock.

Upstart Trading Down 7.1 %

NASDAQ UPST opened at $49.10 on Friday. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.43. The stock’s fifty day moving average price is $63.50 and its 200-day moving average price is $60.04. The stock has a market cap of $4.60 billion, a P/E ratio of -33.63 and a beta of 2.25.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UPST shares. Barclays boosted their price objective on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Bank of America boosted their price target on shares of Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research report on Wednesday, February 12th. Piper Sandler reaffirmed 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. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. Finally, Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $73.38.

Insider Activity at Upstart

In other Upstart news, CEO Dave Girouard sold 4,524 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total transaction of $357,441.24. Following the sale, the chief executive officer now directly owns 52,614 shares in the company, valued at approximately $4,157,032.14. This trade represents a 7.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Natalia Mirgorodskaya sold 794 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the transaction, the insider now owns 21,985 shares of the company’s stock, valued at $1,737,254.70. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,062 shares of company stock valued at $5,247,182 over the last 90 days. Corporate insiders own 18.06% of the company’s stock.

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.