SBI Securities Co. Ltd. Invests $1.02 Million in Upstart Holdings, Inc. (NASDAQ:UPST)

SBI Securities Co. Ltd. bought a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,482 shares of the company’s stock, valued at approximately $1,015,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Upstart in the third quarter valued at about $35,000. BNP Paribas purchased a new stake in shares of Upstart during the 3rd quarter valued at about $37,000. Hollencrest Capital Management acquired a new position in Upstart during the 3rd quarter worth approximately $40,000. Prospera Private Wealth LLC acquired a new position in Upstart during the 3rd quarter worth approximately $47,000. Finally, Quest Partners LLC boosted its holdings 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 acquiring an additional 1,610 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart Price Performance

Shares of UPST opened at $61.69 on Tuesday. The stock has a market capitalization of $5.78 billion, a PE ratio of -42.25 and a beta of 2.25. The business’s fifty day moving average price is $67.50 and its 200 day moving average price is $58.85. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $96.43.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. B. Riley upgraded shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Morgan Stanley upgraded Upstart from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. Finally, Bank of America lifted their price objective on Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Upstart currently has a consensus rating of “Hold” and an average target price of $73.38.

Insider Buying and Selling at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the completion of the transaction, the chief executive officer now owns 57,138 shares of the company’s stock, valued at approximately $3,576,838.80. The trade was a 42.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Paul Gu sold 12,007 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $948,793.14. Following the completion of the sale, the chief technology officer now directly owns 1,006,599 shares in the company, valued at approximately $79,541,452.98. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,081 shares of company stock worth $5,548,607 over the last ninety days. Company insiders own 18.06% of the company’s stock.

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.