US Bancorp DE Buys 835 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

US Bancorp DE boosted its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,032 shares of the company’s stock after purchasing an additional 835 shares during the period. US Bancorp DE’s holdings in Upstart were worth $361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Anfield Capital Management LLC purchased a new position in shares of Upstart in the second quarter worth about $33,000. Blue Trust Inc. boosted its holdings in Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after buying an additional 550 shares during the period. Indiana Trust & Investment Management Co purchased a new position in Upstart in the 3rd quarter valued at approximately $43,000. GAMMA Investing LLC raised its holdings in Upstart by 259.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,204 shares of the company’s stock valued at $52,000 after acquiring an additional 1,590 shares during the period. Finally, Comerica Bank lifted its position in shares of Upstart by 144.0% during the first quarter. Comerica Bank now owns 2,313 shares of the company’s stock worth $62,000 after acquiring an additional 1,365 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UPST has been the subject of several recent research reports. Wedbush lifted their price target on Upstart from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised Upstart from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $45.00 in a report on Friday, November 8th. Barclays increased their price target on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. BTIG Research upgraded shares of Upstart from a “sell” rating to a “neutral” rating in a research report on Monday. Finally, Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $85.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.83.

Upstart Stock Performance

Upstart stock opened at $69.43 on Wednesday. Upstart Holdings, Inc. has a fifty-two week low of $20.25 and a fifty-two week high of $86.07. The stock has a market cap of $6.21 billion, a P/E ratio of -35.43 and a beta of 1.97. The firm’s fifty day moving average price is $45.28 and its 200-day moving average price is $33.93.

Insider Activity at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $65.15, for a total value of $2,714,605.05. Following the completion of the transaction, the chief executive officer now directly owns 61,512 shares in the company, valued at approximately $4,007,506.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Sanjay Datta sold 1,500 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $53.81, for a total transaction of $80,715.00. Following the transaction, the chief financial officer now owns 335,593 shares of the company’s stock, valued at approximately $18,058,259.33. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the completion of the sale, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at $4,007,506.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 354,626 shares of company stock valued at $16,438,780 over the last 90 days. 18.06% of the stock is owned by insiders.

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.