GTS Securities LLC Sells 47,047 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

GTS Securities LLC cut its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 90.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,753 shares of the company's stock after selling 47,047 shares during the period. GTS Securities LLC's holdings in Upstart were worth $293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UPST. Vanguard Group Inc. grew its position in shares of Upstart by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 7,793,452 shares of the company's stock valued at $479,843,000 after acquiring an additional 369,640 shares during the period. Two Sigma Investments LP grew its position in Upstart by 20.1% in the 4th quarter. Two Sigma Investments LP now owns 1,922,770 shares of the company's stock valued at $118,385,000 after acquiring an additional 321,366 shares in the last quarter. Fred Alger Management LLC lifted its holdings in Upstart by 53.6% during the 4th quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company's stock worth $117,914,000 after buying an additional 668,282 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Upstart by 1.6% in 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 in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Upstart by 190.2% in the fourth quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company's stock worth $105,242,000 after acquiring an additional 1,120,300 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Buying and Selling

In other news, CFO Sanjay Datta sold 13,512 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $46.97, for a total value of $634,658.64. Following the transaction, the chief financial officer now owns 311,356 shares in the company, valued at approximately $14,624,391.32. The trade was a 4.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Natalia Mirgorodskaya sold 1,340 shares of Upstart stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $44.19, for a total transaction of $59,214.60. Following the completion of the sale, the insider now directly owns 24,623 shares of the company's stock, valued at approximately $1,088,090.37. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,616 shares of company stock worth $729,751. Insiders own 16.67% of the company's stock.

Upstart Stock Down 0.0%

Shares of UPST stock traded down $0.02 during trading hours on Friday, reaching $46.67. 3,721,870 shares of the company's stock were exchanged, compared to its average volume of 6,762,513. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43. The business has a fifty day moving average price of $45.24 and a 200-day moving average price of $59.43. The stock has a market capitalization of $4.44 billion, a P/E ratio of -31.97 and a beta of 2.39.

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

Analyst Upgrades and Downgrades

UPST has been the subject of several recent analyst reports. Bank of America raised shares of Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 price objective for the company in a research report on Tuesday, April 29th. The Goldman Sachs Group upped their price objective on Upstart from $15.00 to $16.50 and gave the stock a "sell" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. upgraded Upstart from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $57.00 to $79.00 in a report on Wednesday, February 12th. Piper Sandler decreased their target price on Upstart from $105.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Finally, B. Riley upgraded shares of Upstart from a "neutral" rating to a "buy" rating and upped their price objective for the company from $49.00 to $105.00 in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $63.81.

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.