2 weeks Ago By ABMN Staff
Legal & General Group Plc trimmed its holdings in shares of Upstart Holdings, Inc. ( NASDAQ:UPST – Free Report ) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 77,620 shares of the company’s stock after selling 6,906 shares during the quarter. Legal & General Group Plc owned 0.09% of Upstart worth $4,779,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Rakuten Securities Inc. purchased a new position in shares of Upstart in the 4th quarter worth about $31,000.
Farther Finance Advisors LLC grew its position in shares of Upstart by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after acquiring an additional 172 shares during the period.
GAMMA Investing LLC increased its stake in shares of Upstart by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after purchasing an additional 224 shares during the last quarter.
Blue Trust Inc. lifted its stake in Upstart by 49.1% in the fourth quarter.
Blue Trust Inc. now owns 1,475 shares of the company’s stock valued at $91,000 after purchasing an additional 486 shares during the last quarter. Finally, R Squared Ltd bought a new position in Upstart during the fourth quarter valued at $96,000.
Hedge funds and other institutional investors own 63.01% of the company’s stock. Upstart Trading Down 2.
9 % UPST stock opened at $39.75 on Tuesday. Upstart Holdings, Inc.
has a 1-year low of $20.60 and a 1-year high of $96.43.
The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -27.23 and a beta of 2.
39. The company’s 50 day moving average is $53.52 and its 200 day moving average is $60.
54. Insider Activity In other Upstart news, CTO Paul Gu sold 12,007 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.
02, for a total value of $948,793.14. Following the completion of the sale, the chief technology officer now directly owns 1,006,599 shares of the company’s stock, valued at $79,541,452.
98. The trade was a 1.18 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Also, CEO Dave Girouard sold 4,524 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.
01, for a total value of $357,441.24. Following the transaction, the chief executive officer now directly owns 52,614 shares in the company, valued at $4,157,032.
14. This trade represents a 7.92 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last three months, insiders have sold 33,395 shares of company stock worth $2,638,828. 16.
67% of the stock is currently owned by insiders. Analyst Upgrades and Downgrades A number of brokerages have recently commented on UPST. Bank of America upped their price target on Upstart from $33.
00 to $39.00 and gave the company an “underperform” rating in a research report on Wednesday, February 12th. Piper Sandler reissued an “overweight” rating and issued a $105.
00 price target (up previously from $85.00) on shares of Upstart in a research report on Wednesday, February 12th. JPMorgan Chase & Co.
upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $57.00 to $79.00 in a research note on Wednesday, February 12th.
Citigroup raised their price target on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th.
Finally, Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $12.00 to $70.00 in a report on Friday, February 14th.
Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $69.
46. Get Our Latest Stock Report on UPST Upstart Company Profile ( Free Report ) 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.
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