WINTON GROUP Ltd Has $659,000 Position in Upstart Holdings, Inc. $UPST

Key Points

• WINTON GROUP Ltd cut its Upstart stake by 75.5% in the second quarter, selling 57,300 shares and retaining 18,600 shares valued at approximately $659,000.
• Institutional investors and hedge funds own 63.01% of Upstart, with several major firms—including Norges Bank and Azora Capital—recently initiating positions.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $43.75; Upstart recently reported revenue above estimates but earnings per share below consensus.

WINTON GROUP Ltd cut its stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 75.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,600 shares of the company's stock after selling 57,300 shares during the quarter. WINTON GROUP Ltd's holdings in Upstart were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of UPST. Maxi Investments CY Ltd bought a new position in Upstart in the 2nd quarter valued at about $6,852,000. Azora Capital LP bought a new position in shares of Upstart during the fourth quarter worth approximately $38,580,000. Norges Bank acquired a new stake in Upstart during the 4th quarter worth approximately $49,915,000. Deutsche Bank AG acquired a new stake in Upstart during the 2nd quarter worth approximately $3,385,000. Finally, First Trust Advisors LP boosted its stake in Upstart by 17.2% in the 1st quarter. First Trust Advisors LP now owns 373,455 shares of the company's stock valued at $9,579,000 after purchasing an additional 54,908 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on UPST shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $30.00 price objective on shares of Upstart in a report on Tuesday, June 9th. Weiss Ratings cut shares of Upstart from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, August 31st. Loop Capital began coverage on shares of Upstart in a research note on Tuesday, September 8th. They issued a "hold" rating and a $34.00 price target on the stock. Needham & Company LLC raised their price target on shares of Upstart from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, BTIG Research reiterated a "buy" rating and issued a $43.00 price objective on shares of Upstart in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $43.75.

Upstart Price Performance

Upstart stock opened at $26.10 on Tuesday. The stock's fifty day moving average price is $29.25 and its two-hundred day moving average price is $29.66. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $71.38. The firm has a market cap of $2.54 billion, a PE ratio of 53.27, a price-to-earnings-growth ratio of 0.90 and a beta of 2.16.

Upstart (NASDAQ:UPST - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The company had revenue of $364.71 million for the quarter, compared to the consensus estimate of $354.74 million. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business's revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Sell-side analysts expect that Upstart Holdings, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Upstart news, CFO Andrea Blankmeyer sold 7,175 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $29.36, for a total transaction of $210,658.00. Following the sale, the chief financial officer directly owned 155,208 shares in the company, valued at $4,556,906.88. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalia Mirgorodskaya sold 913 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $30.03, for a total transaction of $27,417.39. Following the sale, the insider owned 35,875 shares in the company, valued at $1,077,326.25. The trade was a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 148,652 shares of company stock worth $4,133,720 in the last ninety days. 17.29% of the stock is owned by company insiders.

About Upstart

Upstart Holdings, Inc is a financial technology company that operates an artificial intelligence-powered lending marketplace. Its platform connects consumers seeking credit with banks and credit unions, using alternative data and machine-learning models alongside traditional credit information to help lending partners evaluate applicants and originate loans.

The company's offerings include technology for personal lending, auto lending and home equity lending. Upstart provides tools that support the application, underwriting and loan-origination process, while participating financial institutions generally fund and service the loans.

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