Oxford Asset Management LLP Acquires Shares of 8,412 Upstart Holdings, Inc. (NASDAQ:UPST)

Oxford Asset Management LLP bought a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,412 shares of the company’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rakuten Securities Inc. purchased a new position in Upstart during the fourth quarter valued at $31,000. Farther Finance Advisors LLC increased its holdings in shares of Upstart by 24.2% during the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after acquiring an additional 172 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Upstart by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after purchasing an additional 224 shares during the last quarter. Blue Trust Inc. boosted its stake in Upstart by 49.1% in the 4th quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock worth $91,000 after purchasing an additional 486 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Upstart during the 4th quarter valued at about $96,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Natalia Mirgorodskaya sold 794 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the sale, the insider now directly owns 21,985 shares of the company’s stock, valued at approximately $1,737,254.70. This represents a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Datta sold 16,070 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the transaction, the chief financial officer now directly owns 295,537 shares in the company, valued at $23,353,333.74. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,395 shares of company stock valued at $2,638,828 in the last 90 days. Company insiders own 16.67% of the company’s stock.

Upstart Stock Performance

Upstart stock opened at $48.68 on Friday. The stock has a market cap of $4.63 billion, a PE ratio of -33.34 and a beta of 2.39. The stock has a fifty day moving average of $50.43 and a 200 day moving average of $60.50. Upstart Holdings, Inc. has a one year low of $20.60 and a one year high of $96.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. As a group, sell-side analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

UPST has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Upstart from $93.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Bank of America boosted their price objective on shares of Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a report on Wednesday, February 12th. Needham & Company LLC increased their target price on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Piper Sandler restated an “overweight” rating and issued a $105.00 price target (up previously from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Finally, Citigroup upped their price target on Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Upstart presently has a consensus rating of “Hold” and an average price target of $69.46.

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.