Swiss National Bank Buys 3,800 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Swiss National Bank lifted its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 149,700 shares of the company’s stock after acquiring an additional 3,800 shares during the period. Swiss National Bank’s holdings in Upstart were worth $9,217,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Rakuten Securities Inc. bought a new stake in Upstart during the 4th quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Upstart during the 3rd quarter valued at approximately $35,000. Farther Finance Advisors LLC boosted its stake in Upstart by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after purchasing an additional 172 shares during the period. BNP Paribas bought a new stake in Upstart during the 3rd quarter valued at approximately $37,000. Finally, Prospera Private Wealth LLC acquired a new position in Upstart in the 3rd quarter valued at approximately $47,000. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Upstart

In other news, CEO Dave Girouard sold 4,524 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the transaction, the chief executive officer now directly owns 52,614 shares in the company, valued at $4,157,032.14. This trade represents a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Datta sold 16,070 shares of the firm’s 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 owns 295,537 shares in the company, valued at $23,353,333.74. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,062 shares of company stock worth $5,247,182. Insiders own 18.06% of the company’s stock.

Upstart Price Performance

UPST stock opened at $51.96 on Friday. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of -35.59 and a beta of 2.25. The business has a fifty day moving average price of $64.09 and a 200 day moving average price of $59.57. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) 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%. On average, equities analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on UPST shares. B. Riley raised Upstart from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $105.00 in a report on Wednesday, February 12th. Wedbush upped their price target on Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $12.00 to $70.00 in a report on Friday, February 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $105.00 price target (up previously from $85.00) on shares of Upstart in a report on Wednesday, February 12th. Finally, Barclays upped their price target on Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Upstart currently has an average rating of “Hold” and a consensus target price of $73.38.

About Upstart

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.