Upbound Group, Inc. $UPBD Stake Lessened by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Upbound Group, Inc. by 68.9%, now owning 14,337 shares valued at $342,000 following the sale of 31,717 shares.
• Despite Hsbc's reduction, other institutional investors such as TD Private Client Wealth LLC and CWM LLC increased their stakes in Upbound Group by 59.9% and 35.5% respectively during the first quarter.
• Upbound Group's stock received a rating upgrade from "hold" to "buy" by Wall Street Zen, with a consensus price target set at $34.50.

Hsbc Holdings PLC lessened its stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 68.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,337 shares of the company's stock after selling 31,717 shares during the period. Hsbc Holdings PLC's holdings in Upbound Group were worth $342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC increased its stake in shares of Upbound Group by 59.9% in the first quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock worth $31,000 after buying an additional 491 shares during the last quarter. CWM LLC increased its stake in shares of Upbound Group by 35.5% in the first quarter. CWM LLC now owns 1,880 shares of the company's stock worth $45,000 after buying an additional 493 shares during the last quarter. Palouse Capital Management Inc. increased its stake in shares of Upbound Group by 64.3% in the first quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company's stock worth $159,000 after buying an additional 2,592 shares during the last quarter. MQS Management LLC bought a new stake in shares of Upbound Group in the first quarter worth $202,000. Finally, Blueshift Asset Management LLC bought a new stake in shares of Upbound Group in the first quarter worth $204,000. Institutional investors own 90.30% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Upbound Group from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Upbound Group currently has an average rating of "Moderate Buy" and a consensus price target of $34.50.

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown acquired 1,653 shares of Upbound Group stock in a transaction that occurred on Tuesday, July 8th. The stock was acquired at an average price of $25.90 per share, with a total value of $42,812.70. Following the completion of the acquisition, the director directly owned 89,400 shares of the company's stock, valued at $2,315,460. This trade represents a 1.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by insiders.

Upbound Group Stock Performance

Shares of UPBD opened at $24.88 on Thursday. Upbound Group, Inc. has a 1 year low of $19.65 and a 1 year high of $36.00. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 13.98 and a beta of 1.77. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11. The firm has a fifty day moving average of $24.48 and a 200-day moving average of $24.15.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, equities analysts anticipate that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.

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