US Bancorp DE Buys 835 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

US Bancorp DE lifted its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 10.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,032 shares of the company’s stock after purchasing an additional 835 shares during the period. US Bancorp DE’s holdings in Upstart were worth $361,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Upstart in the 1st quarter worth $658,000. Swiss National Bank grew its stake in shares of Upstart by 1.6% in the first quarter. Swiss National Bank now owns 142,700 shares of the company’s stock worth $3,837,000 after purchasing an additional 2,200 shares during the last quarter. ProShare Advisors LLC increased its holdings in Upstart by 10.1% during the 1st quarter. ProShare Advisors LLC now owns 13,342 shares of the company’s stock valued at $359,000 after purchasing an additional 1,219 shares during the period. Entropy Technologies LP purchased a new position in Upstart during the 1st quarter valued at about $1,358,000. Finally, State Board of Administration of Florida Retirement System raised its position in Upstart by 288.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 79,922 shares of the company’s stock valued at $2,149,000 after purchasing an additional 59,346 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPST has been the topic of a number of recent analyst reports. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a research report on Monday. Piper Sandler raised shares of Upstart from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $31.00 to $85.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. upgraded shares of Upstart from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $30.00 to $45.00 in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a research note on Thursday, August 8th. Finally, Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the company from $56.00 to $87.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Upstart presently has a consensus rating of “Hold” and an average target price of $46.83.

Upstart Price Performance

Shares of Upstart stock opened at $69.43 on Wednesday. Upstart Holdings, Inc. has a 1 year low of $20.25 and a 1 year high of $86.07. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of -35.43 and a beta of 1.97. The company has a 50-day moving average of $45.28 and a 200 day moving average of $33.93.

Insiders Place Their Bets

In other news, insider Natalia Mirgorodskaya sold 1,264 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total value of $48,487.04. Following the sale, the insider now directly owns 24,557 shares of the company’s stock, valued at $942,006.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Scott Darling sold 6,200 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $39.67, for a total transaction of $245,954.00. Following the sale, the insider now directly owns 161,043 shares of the company’s stock, valued at approximately $6,388,575.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,264 shares of Upstart stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $38.36, for a total transaction of $48,487.04. Following the completion of the transaction, the insider now directly owns 24,557 shares of the company’s stock, valued at $942,006.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,626 shares of company stock worth $16,438,780. 18.06% of the stock is currently owned by company insiders.

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.