Vestor Capital LLC Takes Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Vestor Capital LLC purchased a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPSTGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 99,738 shares of the company’s stock, valued at approximately $10,880,000. Vestor Capital LLC owned approximately 0.12% of Upstart as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vulcan Value Partners LLC lifted its position in Upstart by 14.0% during the 4th quarter. Vulcan Value Partners LLC now owns 4,845,315 shares of the company’s stock worth $733,096,000 after acquiring an additional 594,854 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Upstart by 34.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,238,437 shares of the company’s stock valued at $187,376,000 after purchasing an additional 315,537 shares in the last quarter. State Street Corp raised its position in shares of Upstart by 15.9% in the 4th quarter. State Street Corp now owns 788,272 shares of the company’s stock valued at $119,266,000 after purchasing an additional 108,404 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Upstart by 11.0% in the 4th quarter. Geode Capital Management LLC now owns 663,677 shares of the company’s stock valued at $100,361,000 after purchasing an additional 65,978 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in shares of Upstart by 84.7% in the 1st quarter. Artemis Investment Management LLP now owns 632,025 shares of the company’s stock valued at $68,826,000 after purchasing an additional 289,854 shares in the last quarter. 59.65% of the stock is owned by institutional investors and hedge funds.

Upstart Stock Up 4.5 %

Shares of NASDAQ UPST traded up $1.27 during mid-day trading on Friday, hitting $29.60. 11,041,156 shares of the company traded hands, compared to its average volume of 8,619,185. Upstart Holdings, Inc. has a 1 year low of $22.42 and a 1 year high of $401.49. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 18.05 and a beta of 1.13. The business has a 50 day moving average of $33.92 and a two-hundred day moving average of $74.54.

Upstart (NASDAQ:UPSTGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.09. The firm had revenue of $310.14 million for the quarter, compared to analyst estimates of $300.13 million. Upstart had a return on equity of 20.27% and a net margin of 15.23%. Upstart’s quarterly revenue was up 155.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. As a group, research analysts anticipate that Upstart Holdings, Inc. will post -0.25 EPS for the current year.

Insider Activity at Upstart

In related news, General Counsel Alison Nicoll sold 15,000 shares of the company’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $40.31, for a total transaction of $604,650.00. Following the transaction, the general counsel now directly owns 412,983 shares of the company’s stock, valued at $16,647,344.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 30,883 shares of company stock valued at $1,306,959. Company insiders own 18.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UPST. Morgan Stanley lowered Upstart from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $88.00 to $19.00 in a research report on Wednesday, June 29th. FBN Securities initiated coverage on Upstart in a research report on Tuesday, April 12th. They issued an “outperform” rating and a $150.00 target price on the stock. The Goldman Sachs Group downgraded Upstart from a “neutral” rating to a “sell” rating in a report on Sunday, July 10th. Wedbush lowered their price target on Upstart from $70.00 to $35.00 in a report on Tuesday, May 10th. Finally, Barclays lowered their price target on Upstart from $35.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Upstart presently has a consensus rating of “Hold” and an average price target of $89.69.

Upstart Company Profile

(Get Rating)

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.

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Institutional Ownership by Quarter for Upstart (NASDAQ:UPST)

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