UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 20,240 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 15.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,415 shares of the company’s stock after selling 20,240 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Upstart worth $4,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Anfield Capital Management LLC acquired a new position in Upstart in the second quarter valued at about $33,000. BNP Paribas acquired a new position in Upstart in the third quarter valued at about $37,000. Blue Trust Inc. raised its stake in Upstart by 125.3% in the third quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares in the last quarter. Hollencrest Capital Management acquired a new position in Upstart in the third quarter valued at about $40,000. Finally, Indiana Trust & Investment Management Co acquired a new position in Upstart in the third quarter valued at about $43,000. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UPST. Wedbush boosted their price target on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Piper Sandler raised Upstart from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. downgraded Upstart from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $45.00 to $57.00 in a research note on Monday, December 2nd. Citigroup raised Upstart from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $87.00 in a research note on Friday, November 8th. Finally, Mizuho boosted their target price on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.56.

Upstart Trading Down 1.7 %

Shares of NASDAQ UPST opened at $77.08 on Friday. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $86.07. The firm has a market capitalization of $7.03 billion, a PE ratio of -39.94 and a beta of 2.18. The firm has a fifty day simple moving average of $61.82 and a two-hundred day simple moving average of $41.61.

Insider Buying and Selling

In related news, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $65.15, for a total value of $2,714,605.05. Following the transaction, the chief executive officer now owns 61,512 shares of the company’s stock, valued at approximately $4,007,506.80. This trade represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.42, for a total transaction of $51,630.00. Following the completion of the transaction, the chief financial officer now directly owns 343,093 shares in the company, valued at approximately $11,809,261.06. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 534,868 shares of company stock worth $32,864,764 in the last three months. 18.06% of the stock is owned by corporate insiders.

Upstart 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.