WINTON GROUP Ltd Sells 57,300 Shares of Upstart Holdings, Inc. $UPST

WINTON GROUP Ltd lowered its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 75.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 18,600 shares of the company’s stock after selling 57,300 shares during the period. WINTON GROUP Ltd’s holdings in Upstart were worth $659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in Upstart by 274.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,842 shares of the company’s stock valued at $47,000 after buying an additional 1,350 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Upstart during the fourth quarter worth about $48,000. Osbon Capital Management LLC bought a new position in shares of Upstart in the fourth quarter worth about $49,000. Hollencrest Capital Management bought a new position in shares of Upstart in the first quarter worth about $51,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Upstart by 200.0% in the fourth quarter. Clearstead Advisors LLC now owns 1,500 shares of the company’s stock worth $66,000 after acquiring an additional 1,000 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Upstart

In related news, insider Sanjay Datta sold 116,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $27.29, for a total value of $3,165,640.00. Following the sale, the insider owned 476,578 shares of the company’s stock, valued at $13,005,813.62. The trade was a 19.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Paul Gu acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of $25.55 per share, with a total value of $1,277,500.00. Following the completion of the acquisition, the chief executive officer directly owned 130,000 shares of the company’s stock, valued at $3,321,500. This trade represents a 62.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 148,652 shares of company stock valued at $4,133,720. Insiders own 17.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UPST shares. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Piper Sandler increased their price objective on shares of Upstart from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Jefferies Financial Group restated a “hold” rating and issued a $30.00 target price on shares of Upstart in a research report on Tuesday, June 9th. Loop Capital assumed coverage on shares of Upstart in a research note on Tuesday, September 8th. They set a “hold” rating and a $34.00 target price on the stock. Finally, Weiss Ratings downgraded shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 31st. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Upstart has an average rating of “Hold” and an average target price of $43.75.

Upstart Trading Up 2.0%

NASDAQ:UPST opened at $26.10 on Tuesday. The stock has a market cap of $2.54 billion, a P/E ratio of 53.27, a price-to-earnings-growth ratio of 0.90 and a beta of 2.16. The stock’s 50-day moving average is $29.25 and its 200-day moving average is $29.66. Upstart Holdings, Inc. has a 1-year low of $23.97 and a 1-year high of $71.38.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business had revenue of $364.71 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter last year, the business earned $0.36 EPS. The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. As a group, equities analysts forecast that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

About Upstart

Upstart Holdings, Inc is a financial technology company that operates an artificial intelligence-powered lending marketplace. Its platform connects consumers seeking credit with banks and credit unions, using alternative data and machine-learning models alongside traditional credit information to help lending partners evaluate applicants and originate loans.

The company’s offerings include technology for personal lending, auto lending and home equity lending. Upstart provides tools that support the application, underwriting and loan-origination process, while participating financial institutions generally fund and service the loans.