Dimensional Fund Advisors LP Has $1.05 Million Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Dimensional Fund Advisors LP cut its stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,067 shares of the company's stock after selling 8,188 shares during the quarter. Dimensional Fund Advisors LP's holdings in Upstart were worth $1,051,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Upstart by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 7,793,452 shares of the company's stock worth $479,843,000 after acquiring an additional 369,640 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Upstart by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,846,438 shares of the company's stock worth $113,711,000 after acquiring an additional 29,664 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Upstart by 28.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,379,900 shares of the company's stock worth $84,960,000 after acquiring an additional 308,200 shares during the last quarter. Marshall Wace LLP increased its position in shares of Upstart by 300.2% during the fourth quarter. Marshall Wace LLP now owns 1,061,512 shares of the company's stock worth $65,357,000 after acquiring an additional 796,252 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Upstart by 886.0% during the fourth quarter. Invesco Ltd. now owns 709,684 shares of the company's stock worth $43,695,000 after acquiring an additional 637,706 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart Trading Up 1.5%

UPST traded up $0.69 during trading hours on Friday, hitting $48.08. The company's stock had a trading volume of 4,852,362 shares, compared to its average volume of 6,726,678. The company has a 50-day simple moving average of $46.10 and a 200 day simple moving average of $60.33. The firm has a market capitalization of $4.57 billion, a PE ratio of -32.93 and a beta of 2.39. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.11. The company had revenue of $213.37 million for the quarter, compared to the consensus estimate of $201.08 million. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Upstart's revenue was up 67.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.31) EPS. Research analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Upstart

In other Upstart news, CTO Paul Gu sold 12,007 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 $948,793.14. Following the completion of the transaction, the chief technology officer now owns 1,006,599 shares in the company, valued at approximately $79,541,452.98. The trade was a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalia Mirgorodskaya sold 794 shares of the business's 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 sale, the insider now owns 21,985 shares of the company's stock, valued at approximately $1,737,254.70. The trade was a 3.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,395 shares of company stock worth $2,638,828 over the last ninety days. 16.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UPST has been the topic of a number of analyst reports. Barclays lifted their target price on Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Bank of America raised Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 target price on the stock in a research report on Tuesday, April 29th. B. Riley upgraded Upstart from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $49.00 to $105.00 in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Upstart from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $57.00 to $79.00 in a research note on Wednesday, February 12th. Finally, Needham & Company LLC decreased their price target on Upstart from $108.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $63.81.

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.