Nisa Investment Advisors LLC trimmed its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST – Free Report) by 45.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,251 shares of the company’s stock after selling 9,294 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Upstart were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Upstart in the 3rd quarter worth $35,000. BNP Paribas bought a new position in shares of Upstart in the third quarter worth about $37,000. Blue Trust Inc. lifted its position in shares of Upstart by 125.3% during the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after buying an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of Upstart during the 3rd quarter valued at approximately $40,000. Finally, Indiana Trust & Investment Management Co purchased a new stake in Upstart in the 3rd quarter worth approximately $43,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
Upstart Stock Performance
Shares of UPST opened at $66.52 on Wednesday. The stock has a market capitalization of $6.07 billion, a P/E ratio of -34.47 and a beta of 2.26. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $88.95. The company’s fifty day moving average is $69.26 and its two-hundred day moving average is $51.70.
Insider Activity
In other news, Director Kerry Whorton Cooper sold 500 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 17,961 shares in the company, valued at $1,339,710.99. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20. Following the sale, the chief executive officer now owns 57,138 shares in the company, valued at $3,576,838.80. The trade was a 42.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 391,035 shares of company stock valued at $26,890,777 over the last quarter. Company insiders own 18.06% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on UPST. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and upped their price target for the stock from $37.00 to $95.00 in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. cut shares of Upstart from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $45.00 to $57.00 in a research report on Monday, December 2nd. Finally, Wedbush boosted their target price on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.80.
Check Out Our Latest Stock Report on Upstart
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.
See Also
- Five stocks we like better than Upstart
- 3 Warren Buffett Stocks to Buy Now
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- ESG Stocks, What Investors Should Know
- What Does the Future Hold for Eli Lilly?
- What is the NASDAQ Stock Exchange?
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Want to see what other hedge funds are holding UPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upstart Holdings, Inc. (NASDAQ:UPST – Free Report).
Receive News & Ratings for Upstart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upstart and related companies with MarketBeat.com's FREE daily email newsletter.