Asset Management One Co. Ltd. Has $60,000 Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Asset Management One Co. Ltd. trimmed its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 34.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,506 shares of the company’s stock after selling 801 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Upstart were worth $60,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EMC Capital Management boosted its position in shares of Upstart by 217.5% during the 3rd quarter. EMC Capital Management now owns 20,000 shares of the company’s stock worth $800,000 after purchasing an additional 13,700 shares in the last quarter. US Bancorp DE boosted its holdings in Upstart by 10.2% in the third quarter. US Bancorp DE now owns 9,032 shares of the company’s stock worth $361,000 after acquiring an additional 835 shares in the last quarter. SteelPeak Wealth LLC bought a new position in Upstart in the third quarter worth approximately $828,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Upstart in the third quarter valued at approximately $213,000. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of Upstart by 6.5% during the third quarter. TCI Wealth Advisors Inc. now owns 44,756 shares of the company’s stock valued at $1,791,000 after acquiring an additional 2,732 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Upstart Stock Down 4.3 %

Shares of NASDAQ UPST opened at $77.48 on Tuesday. The company has a market capitalization of $6.94 billion, a PE ratio of -40.15 and a beta of 1.97. The stock’s 50 day moving average price is $45.28 and its 200-day moving average price is $33.93. Upstart Holdings, Inc. has a twelve month low of $20.25 and a twelve month high of $86.07.

Wall Street Analyst Weigh In

UPST has been the subject of several research reports. Mizuho lifted their price target on shares of Upstart from $33.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $30.00 to $45.00 in a research report on Friday. Barclays raised their price target on shares of Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday. Finally, Wedbush increased their price objective on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.83.

Insider Buying and Selling

In related news, CEO Dave Girouard sold 3,361 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $38.35, for a total transaction of $128,894.35. Following the completion of the sale, the chief executive officer now owns 61,512 shares in the company, valued at approximately $2,358,985.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $53.81, for a total value of $80,715.00. Following the completion of the transaction, the chief financial officer now directly owns 335,593 shares of the company’s stock, valued at $18,058,259.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dave Girouard sold 3,361 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.35, for a total value of $128,894.35. Following the completion of the transaction, the chief executive officer now owns 61,512 shares of the company’s stock, valued at approximately $2,358,985.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 312,959 shares of company stock worth $13,724,175. 18.06% of the stock is owned by company insiders.

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.