Mitsubishi UFJ Trust & Banking Corp Has $1.14 Million Stake in Upstart Holdings, Inc. (NASDAQ:UPST)

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPSTGet Rating) by 73.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 36,112 shares of the company’s stock after purchasing an additional 15,277 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Upstart were worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UPST. SJS Investment Consulting Inc. bought a new position in shares of Upstart during the 1st quarter worth approximately $25,000. Bellwether Advisors LLC lifted its position in shares of Upstart by 40,000.0% during the 2nd quarter. Bellwether Advisors LLC now owns 802 shares of the company’s stock worth $25,000 after buying an additional 800 shares in the last quarter. Signaturefd LLC lifted its position in shares of Upstart by 276.9% during the 1st quarter. Signaturefd LLC now owns 392 shares of the company’s stock worth $43,000 after buying an additional 288 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Upstart by 366.6% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,353 shares of the company’s stock worth $43,000 after buying an additional 1,063 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of Upstart by 100.0% during the 1st quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $44,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 44.80% of the company’s stock.

Insider Buying and Selling at Upstart

In other news, Director Kerry Whorton Cooper sold 2,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $20.92, for a total transaction of $41,840.00. Following the completion of the transaction, the director now directly owns 768 shares in the company, valued at approximately $16,066.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Sanjay Datta sold 2,300 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $22.01, for a total transaction of $50,623.00. Following the completion of the transaction, the chief financial officer now directly owns 53,508 shares in the company, valued at approximately $1,177,711.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kerry Whorton Cooper sold 2,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $20.92, for a total transaction of $41,840.00. Following the transaction, the director now owns 768 shares of the company’s stock, valued at $16,066.56. The disclosure for this sale can be found here. Insiders have sold 4,958 shares of company stock valued at $110,447 in the last 90 days. 18.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler dropped their target price on shares of Upstart from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 9th. Jefferies Financial Group lowered their price target on shares of Upstart from $25.00 to $20.00 in a report on Wednesday, November 9th. Bank of America cut shares of Upstart from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $34.00 to $15.00 in a report on Thursday, November 10th. Mizuho initiated coverage on shares of Upstart in a report on Tuesday, October 25th. They issued an “underperform” rating and a $17.00 price target on the stock. Finally, Stephens lowered their price target on shares of Upstart from $28.00 to $23.00 and set an “underweight” rating on the stock in a report on Tuesday, August 9th. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $58.36.

Upstart Price Performance

Shares of UPST stock opened at $19.21 on Monday. The company’s fifty day simple moving average is $22.17 and its two-hundred day simple moving average is $30.87. Upstart Holdings, Inc. has a 1 year low of $14.02 and a 1 year high of $228.63.

Upstart Profile

(Get Rating)

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.

Further Reading

Institutional Ownership by Quarter for Upstart (NASDAQ:UPST)

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