WMG Financial Advisors LLC Sells 22,895 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

WMG Financial Advisors LLC lessened its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 51.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,212 shares of the company’s stock after selling 22,895 shares during the period. WMG Financial Advisors LLC’s holdings in Upstart were worth $1,306,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in Upstart during the fourth quarter worth about $1,015,000. Jones Financial Companies Lllp raised its holdings in Upstart by 3.1% during the fourth quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock worth $339,000 after acquiring an additional 167 shares in the last quarter. Bailard Inc. raised its holdings in Upstart by 0.5% during the fourth quarter. Bailard Inc. now owns 38,759 shares of the company’s stock worth $2,386,000 after acquiring an additional 212 shares in the last quarter. US Bancorp DE raised its holdings in Upstart by 18.5% during the fourth quarter. US Bancorp DE now owns 10,704 shares of the company’s stock worth $659,000 after acquiring an additional 1,672 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in Upstart during the fourth quarter worth about $1,306,000. Institutional investors own 63.01% of the company’s stock.

Upstart Trading Down 7.5 %

Upstart stock opened at $61.69 on Tuesday. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.43. The stock’s 50 day moving average is $67.50 and its 200-day moving average is $58.85. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of -42.25 and a beta of 2.25.

Upstart (NASDAQ:UPST) last posted its 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 return on equity of 25.87% and a negative net margin of 20.20%. As a group, equities research analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Activity at Upstart

In related news, insider Natalia Mirgorodskaya sold 794 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at approximately $1,737,254.70. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dave Girouard sold 41,667 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total value of $2,608,354.20. Following the sale, the chief executive officer now owns 57,138 shares of the company’s stock, valued at $3,576,838.80. The trade was a 42.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,081 shares of company stock worth $5,548,607. Company insiders own 18.06% of the company’s stock.

Wall Street Analyst Weigh In

UPST has been the topic of a number of recent analyst reports. Redburn Atlantic raised Upstart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Barclays boosted their price target on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Bank of America boosted their price target on Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 12th. Citigroup boosted their price target on Upstart from $87.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price target on Upstart from $13.50 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Upstart has a consensus rating of “Hold” and a consensus price target 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.