70,160 Shares in Upstart Holdings, Inc. (NASDAQ:UPST) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 70,160 shares of the company's stock, valued at approximately $4,320,000. Susquehanna Fundamental Investments LLC owned approximately 0.08% of Upstart at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Upstart during the fourth quarter worth approximately $250,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Upstart during the fourth quarter worth $43,697,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Upstart by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,356 shares of the company's stock worth $3,470,000 after buying an additional 8,155 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Upstart by 633.0% in the fourth quarter. Hsbc Holdings PLC now owns 190,293 shares of the company's stock valued at $11,926,000 after buying an additional 225,996 shares during the last quarter. Finally, Tradition Wealth Management LLC purchased a new position in shares of Upstart in the fourth quarter worth about $290,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insiders Place Their Bets

In related news, CFO Sanjay Datta sold 16,070 shares of Upstart stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total value of $1,269,851.40. Following the completion of the transaction, the chief financial officer now directly owns 295,537 shares in the company, valued at approximately $23,353,333.74. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dave Girouard sold 4,524 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the sale, the chief executive officer now owns 52,614 shares in the company, valued at approximately $4,157,032.14. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,395 shares of company stock worth $2,638,828 over the last three months. Company insiders own 16.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UPST shares. JPMorgan Chase & Co. upgraded shares of 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. Barclays reduced their price objective on Upstart from $93.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Piper Sandler reissued an "overweight" rating and set a $105.00 price objective (up previously from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Bank of America raised Upstart from an "underperform" rating to a "neutral" rating and set a $53.00 target price for the company in a research note on Tuesday. Finally, B. Riley raised shares of Upstart from a "neutral" rating to a "buy" rating and boosted their price target for the company from $49.00 to $105.00 in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $70.54.

Upstart Stock Performance

Shares of Upstart stock traded up $2.39 on Friday, reaching $50.08. The company had a trading volume of 7,624,226 shares, compared to its average volume of 6,630,836. The firm's 50 day moving average price is $47.86 and its two-hundred day moving average price is $60.40. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $96.43. The firm has a market cap of $4.76 billion, a PE ratio of -34.30 and a beta of 2.39.

Upstart (NASDAQ:UPST - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, sell-side analysts predict that Upstart Holdings, Inc. will post -0.03 EPS 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.