Natixis Advisors LLC Purchases 4,351 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Natixis Advisors LLC grew its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,703 shares of the company’s stock after buying an additional 4,351 shares during the quarter. Natixis Advisors LLC’s holdings in Upstart were worth $1,275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPST. Geode Capital Management LLC grew its position in Upstart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock valued at $72,702,000 after acquiring an additional 29,482 shares during the last quarter. Fred Alger Management LLC increased its holdings in Upstart by 153.2% during the 3rd quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock worth $49,886,000 after purchasing an additional 754,416 shares during the period. Charles Schwab Investment Management Inc. raised its position in Upstart by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 657,118 shares of the company’s stock valued at $40,459,000 after purchasing an additional 14,242 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Upstart by 689.5% in the 3rd quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock worth $23,566,000 after buying an additional 514,400 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Upstart by 1,413.7% during the 3rd quarter. Tidal Investments LLC now owns 333,463 shares of the company’s stock worth $13,342,000 after buying an additional 311,434 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a report on Wednesday, February 12th. Needham & Company LLC upped their price target on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Morgan Stanley raised shares of Upstart from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $12.00 to $70.00 in a report on Friday, February 14th. Barclays upped their target price on Upstart from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $57.00 to $79.00 in a report on Wednesday, February 12th. Two investment 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $73.38.

Insider Activity

In related news, CEO Dave Girouard sold 4,524 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.01, for a total transaction of $357,441.24. Following the sale, the chief executive officer now owns 52,614 shares in the company, valued at approximately $4,157,032.14. This trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Datta sold 16,070 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the completion of the transaction, the chief financial officer now owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,062 shares of company stock valued at $5,247,182. Company insiders own 18.06% of the company’s stock.

Upstart Stock Performance

Shares of NASDAQ UPST opened at $55.00 on Wednesday. Upstart Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $96.43. The company has a market cap of $5.15 billion, a PE ratio of -37.67 and a beta of 2.25. The business has a 50-day simple moving average of $64.01 and a two-hundred day simple moving average of $60.17.

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

Upstart 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.