Upstart Holdings, Inc. (NASDAQ:UPST) Stock Holdings Trimmed by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,153,331 shares of the company’s stock after selling 7,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Upstart were worth $71,013,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of Upstart by 24.3% during the 4th quarter. Janus Henderson Group PLC now owns 32,396 shares of the company’s stock valued at $1,993,000 after acquiring an additional 6,343 shares in the last quarter. Fred Alger Management LLC raised its holdings in shares of Upstart by 53.6% during the fourth quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company’s stock worth $117,914,000 after purchasing an additional 668,282 shares during the period. Deutsche Bank AG lifted its position in shares of Upstart by 1.1% in the 4th quarter. Deutsche Bank AG now owns 87,590 shares of the company’s stock worth $5,393,000 after buying an additional 916 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of Upstart by 54.6% in the 4th quarter. Driehaus Capital Management LLC now owns 708,450 shares of the company’s stock worth $43,619,000 after buying an additional 250,223 shares during the last quarter. Finally, Crestline Management LP grew its position in shares of Upstart by 3.8% during the 4th quarter. Crestline Management LP now owns 10,004 shares of the company’s stock valued at $616,000 after buying an additional 364 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling

In related news, insider Natalia Mirgorodskaya sold 794 shares of Upstart stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $62,741.88. Following the transaction, the insider now directly owns 21,985 shares in the company, valued at $1,737,254.70. The trade was a 3.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sanjay Datta sold 16,070 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $1,269,851.40. Following the sale, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,395 shares of company stock worth $2,638,828 in the last ninety days. 16.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UPST has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on Upstart from $15.00 to $16.50 and gave the company a “sell” rating in a research note on Thursday, May 8th. B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $105.00 in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $57.00 to $79.00 in a research note on Wednesday, February 12th. Needham & Company LLC cut their target price on Upstart from $108.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Finally, Bank of America raised shares of Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price target for the company in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Upstart presently has a consensus rating of “Hold” and a consensus target price of $63.81.

Upstart Price Performance

Upstart stock opened at $52.96 on Tuesday. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $96.43. The stock has a market capitalization of $5.04 billion, a PE ratio of -36.27 and a beta of 2.39. The firm has a 50 day simple moving average of $46.15 and a 200-day simple moving average of $60.42.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.11. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. The company had revenue of $213.37 million for the quarter, compared to the consensus estimate of $201.08 million. During the same quarter in the previous year, the business earned ($0.31) EPS. The company’s quarterly revenue was up 67.0% compared to the same quarter last year. On average, analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

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.