Two Sigma Advisers LP Purchases 1,120,300 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Two Sigma Advisers LP grew its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 190.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,709,300 shares of the company's stock after acquiring an additional 1,120,300 shares during the period. Two Sigma Advisers LP owned about 1.87% of Upstart worth $105,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPST. Marshall Wace LLP raised its stake 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 valued at $65,357,000 after acquiring an additional 796,252 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Upstart during the fourth quarter valued at approximately $43,697,000. Fred Alger Management LLC grew its stake in Upstart by 53.6% in 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. Invesco Ltd. lifted its position in Upstart by 886.0% during the fourth quarter. Invesco Ltd. now owns 709,684 shares of the company's stock valued at $43,695,000 after buying an additional 637,706 shares during the period. Finally, Man Group plc purchased a new position in Upstart during the fourth quarter valued at $36,464,000. 63.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UPST shares. Barclays increased their price target on shares of Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Morgan Stanley lowered their target price on shares of Upstart from $70.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Bank of America raised Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price target on the stock in a research report on Tuesday, April 29th. Citigroup upped their price target on Upstart from $87.00 to $108.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group lifted their price objective on Upstart from $15.00 to $16.50 and gave the company a "sell" rating in a research note on Thursday, May 8th. One 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. Based on data from MarketBeat, Upstart presently has an average rating of "Hold" and a consensus price target of $63.81.

Insider Transactions at Upstart

In other news, insider Natalia Mirgorodskaya sold 764 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $46.96, for a total transaction of $35,877.44. Following the sale, the insider now directly owns 25,963 shares in the company, valued at $1,219,222.48. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sanjay Datta sold 13,512 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $46.97, for a total transaction of $634,658.64. Following the sale, the chief financial officer now owns 311,356 shares in the company, valued at $14,624,391.32. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.67% of the company's stock.

Upstart Trading Up 3.9%

UPST stock traded up $1.71 on Thursday, hitting $45.63. The company had a trading volume of 3,370,806 shares, compared to its average volume of 6,730,355. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $96.43. The stock's 50-day simple moving average is $45.97 and its 200 day simple moving average is $60.19. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of -31.25 and a beta of 2.39.

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

Upstart Profile

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.