Swiss National Bank Increases Stock Position in Upstart Holdings, Inc. $UPST

Key Points

• Swiss National Bank increased its stake in Upstart Holdings by 6.3%, owning approximately 159,100 shares valued at $7.32 million following the first quarter.
• Upstart reported a quarterly earnings per share (EPS) of $0.36, significantly beating the expected $0.27, with a revenue increase of 101.6% year-over-year to $257.29 million.
• Institutional investors own 63.01% of Upstart's stock, with recent trades indicating varying levels of investment confidence among different firms.

Swiss National Bank boosted its stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,100 shares of the company's stock after purchasing an additional 9,400 shares during the period. Swiss National Bank owned approximately 0.17% of Upstart worth $7,323,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Upstart by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 8,014,656 shares of the company's stock worth $368,915,000 after purchasing an additional 221,204 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 worth $118,385,000 after purchasing an additional 321,366 shares during the period. Fred Alger Management LLC grew its position in Upstart by 53.6% in the 4th 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. Two Sigma Advisers LP grew its position in Upstart by 190.2% in the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company's stock worth $105,242,000 after purchasing an additional 1,120,300 shares during the period. Finally, Northern Trust Corp grew its position in Upstart by 16.2% in the 4th quarter. Northern Trust Corp now owns 782,557 shares of the company's stock worth $48,182,000 after purchasing an additional 109,164 shares during the period. Institutional investors own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Upstart from $75.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised shares of Upstart to a "sell" rating and set a $71.00 price objective for the company in a research report on Monday, July 14th. Morgan Stanley reissued an "equal weight" rating on shares of Upstart in a research report on Wednesday, August 6th. Bank of America cut their price objective on shares of Upstart from $88.00 to $87.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Stephens assumed coverage on shares of Upstart in a research report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $78.54.

Insider Buying and Selling at Upstart

In related news, CEO Dave Girouard sold 41,667 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $60.05, for a total value of $2,502,103.35. Following the completion of the transaction, the chief executive officer owned 52,614 shares of the company's stock, valued at approximately $3,159,470.70. This represents a 44.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Natalia Mirgorodskaya sold 6,533 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $70.06, for a total transaction of $457,701.98. Following the completion of the transaction, the insider directly owned 24,623 shares of the company's stock, valued at $1,725,087.38. This represents a 20.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,041 shares of company stock valued at $11,631,576 in the last ninety days. 16.67% of the stock is currently owned by insiders.

Upstart Trading Down 0.6%

Upstart stock traded down $0.36 during mid-day trading on Thursday, hitting $63.52. The stock had a trading volume of 2,854,818 shares, compared to its average volume of 7,619,361. The firm has a market capitalization of $6.11 billion, a P/E ratio of -794.00 and a beta of 2.39. The firm's 50 day moving average is $70.64 and its 200 day moving average is $59.07. Upstart Holdings, Inc. has a one year low of $31.40 and a one year high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.09. The company had revenue of $257.29 million during the quarter, compared to the consensus estimate of $225.35 million. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. Upstart's quarterly revenue was up 101.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Upstart Company 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.