19,633 Shares in Upstart Holdings, Inc. $UPST Acquired by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd bought a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,633 shares of the company’s stock, valued at approximately $997,000. Upstart comprises 0.7% of Caitong International Asset Management Co. Ltd’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds have also recently added to or reduced their stakes in UPST. Prudential Financial Inc. grew its holdings in shares of Upstart by 1,116.8% in the 2nd quarter. Prudential Financial Inc. now owns 89,675 shares of the company’s stock worth $5,800,000 after acquiring an additional 82,305 shares during the last quarter. Sierra Summit Advisors LLC acquired a new stake in shares of Upstart during the second quarter worth $991,000. Tableaux LLC purchased a new stake in shares of Upstart during the second quarter valued at $2,587,000. Erste Asset Management GmbH acquired a new position in shares of Upstart in the 3rd quarter valued at $4,237,000. Finally, Citigroup Inc. boosted its position in shares of Upstart by 71.5% in the 3rd quarter. Citigroup Inc. now owns 550,138 shares of the company’s stock valued at $27,947,000 after purchasing an additional 229,315 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UPST shares. Citizens Jmp restated a “market underperform” rating and set a $20.00 price objective on shares of Upstart in a report on Friday, February 13th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Upstart in a research report on Wednesday, March 11th. Truist Financial cut their price target on shares of Upstart from $59.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Upstart in a research report on Monday, December 29th. Finally, Compass Point raised shares of Upstart from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $30.00 in a research note on Tuesday, February 17th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $47.77.

Insider Transactions at Upstart

In other Upstart news, CFO Sanjay Datta sold 7,982 shares of Upstart stock in a transaction on Friday, February 20th. The shares were sold at an average price of $29.86, for a total transaction of $238,342.52. Following the completion of the sale, the chief financial officer owned 276,688 shares of the company’s stock, valued at $8,261,903.68. This trade represents a 2.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 9,481 shares of company stock valued at $282,201. 16.67% of the stock is owned by corporate insiders.

Upstart Trading Up 0.1%

Shares of Upstart stock opened at $27.83 on Wednesday. Upstart Holdings, Inc. has a 1 year low of $25.60 and a 1 year high of $87.30. The company has a market cap of $2.73 billion, a P/E ratio of 66.26, a P/E/G ratio of 0.72 and a beta of 2.44. The stock has a 50-day moving average price of $36.37 and a 200 day moving average price of $45.45.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, February 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $296.09 million for the quarter, compared to analysts’ expectations of $288.54 million. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. On average, equities analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Upstart announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 19th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Upstart Profile

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.