Los Angeles Capital Management LLC Raises Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Los Angeles Capital Management LLC grew its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 274.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,298 shares of the company’s stock after purchasing an additional 22,946 shares during the period. Los Angeles Capital Management LLC’s holdings in Upstart were worth $1,927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Upstart in the third quarter worth $35,000. BNP Paribas purchased a new stake in shares of Upstart in the third quarter valued at $37,000. Blue Trust Inc. lifted its holdings in shares of Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock worth $40,000 after acquiring an additional 550 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of Upstart during the 3rd quarter worth about $40,000. Finally, Prospera Private Wealth LLC bought a new position in Upstart during the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling

In other Upstart news, Director Kerry Whorton Cooper sold 500 shares of the stock in a transaction dated Monday, December 2nd. The shares were 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 of the company’s stock, valued at approximately $1,339,710.99. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Paul Gu sold 87,600 shares of Upstart stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $69.39, for a total transaction of $6,078,564.00. Following the completion of the transaction, the chief technology officer now directly owns 863,065 shares in the company, valued at approximately $59,888,080.35. The trade was a 9.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,181 shares of company stock worth $11,664,466 in the last three months. 18.06% of the stock is owned by insiders.

Upstart Price Performance

Shares of Upstart stock opened at $66.67 on Friday. 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 $6.25 billion, a price-to-earnings ratio of -45.66 and a beta of 2.25. The firm’s 50-day moving average is $67.63 and its two-hundred day moving average is $58.37.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. On average, equities analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BTIG Research raised shares of Upstart from a “sell” rating to a “neutral” rating in a research note on Monday, November 11th. Wedbush raised their price target on Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Barclays upped their price objective on Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Citigroup increased their target price on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Upstart currently has an average rating of “Hold” and an average target price of $73.38.

About Upstart

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.