Swiss National Bank Grows Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Swiss National Bank raised its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 1.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,900 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Swiss National Bank’s holdings in Upstart were worth $5,837,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Upstart by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock valued at $191,698,000 after purchasing an additional 115,057 shares in the last quarter. Liontrust Investment Partners LLP raised its position in Upstart by 26.1% during the second quarter. Liontrust Investment Partners LLP now owns 290,000 shares of the company’s stock valued at $6,841,000 after purchasing an additional 60,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Upstart by 15.3% during the second quarter. Bank of New York Mellon Corp now owns 272,430 shares of the company’s stock valued at $6,427,000 after purchasing an additional 36,206 shares in the last quarter. Millennium Management LLC raised its position in Upstart by 1,792.9% during the second quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock valued at $6,190,000 after purchasing an additional 277,896 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Upstart by 4,087.8% in the third quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock worth $9,333,000 after buying an additional 227,688 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $78.43 on Thursday. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $86.07. The company has a market cap of $7.16 billion, a PE ratio of -40.64 and a beta of 1.97. The stock’s 50-day moving average is $53.91 and its 200 day moving average is $37.90.

Insider Buying and Selling at Upstart

In other Upstart news, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $65.15, for a total transaction of $2,714,605.05. Following the sale, the chief executive officer now directly owns 61,512 shares of the company’s stock, valued at approximately $4,007,506.80. The trade was a 40.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott Darling sold 84,000 shares of Upstart stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $50.02, for a total value of $4,201,680.00. Following the sale, the insider now directly owns 152,043 shares in the company, valued at approximately $7,605,190.86. The trade was a 35.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 502,939 shares of company stock valued at $28,887,725. 18.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wedbush lifted their price objective on Upstart from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Mizuho lifted their price objective on Upstart from $33.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $30.00 to $45.00 in a report on Friday, November 8th. BTIG Research upgraded Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Finally, Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $31.00 to $85.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Upstart presently has an average rating of “Hold” and a consensus target price of $46.83.

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.