32,842 Shares in Upstart Holdings, Inc. (NASDAQ:UPST) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the fourth quarter, Holdings Channel reports. The fund bought 32,842 shares of the company’s stock, valued at approximately $2,057,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Upstart during the third quarter worth approximately $35,000. BNP Paribas purchased a new stake in shares of Upstart during the third quarter worth $37,000. Blue Trust Inc. raised its position in shares of Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after buying an additional 550 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of Upstart in the third quarter worth about $40,000. Finally, Indiana Trust & Investment Management Co purchased a new stake in Upstart during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Activity

In other Upstart news, CTO Paul Gu sold 87,600 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $69.39, for a total transaction of $6,078,564.00. Following the sale, the chief technology officer now directly owns 863,065 shares in the company, valued at $59,888,080.35. This represents a 9.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kerry Whorton Cooper sold 500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $74.59, for a total transaction of $37,295.00. Following the completion of the transaction, the director now owns 17,961 shares of the company’s stock, valued at approximately $1,339,710.99. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 391,035 shares of company stock valued at $26,890,777. 18.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UPST. JPMorgan Chase & Co. lowered shares of Upstart from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $45.00 to $57.00 in a research note on Monday, December 2nd. Needham & Company LLC upgraded Upstart from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Friday, December 13th. Piper Sandler upgraded 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 report on Friday, November 8th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $95.00 in a report on Tuesday, December 3rd. Finally, BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Upstart currently has a consensus rating of “Hold” and a consensus price target of $61.80.

Upstart Stock Down 3.6 %

Shares of UPST stock opened at $65.01 on Tuesday. The company has a 50-day moving average of $69.35 and a two-hundred day moving average of $51.42. Upstart Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $88.95.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.31). The company had revenue of $162.14 million for the quarter, compared to analysts’ expectations of $149.94 million. Upstart had a negative return on equity of 32.57% and a negative net margin of 30.15%. During the same period in the previous year, the business posted ($0.48) EPS. As a group, analysts expect that Upstart Holdings, Inc. will post -2.18 EPS for the current year.

About Upstart

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.