Jump Financial LLC Buys 147,608 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

Jump Financial LLC lifted its position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 759.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,037 shares of the company's stock after buying an additional 147,608 shares during the quarter. Jump Financial LLC owned about 0.18% of Upstart worth $10,284,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its position in shares of Upstart by 8.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,215 shares of the company's stock worth $506,000 after purchasing an additional 633 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Upstart by 28.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,379,900 shares of the company's stock worth $84,960,000 after acquiring an additional 308,200 shares during the period. Bank of Nova Scotia acquired a new stake in shares of Upstart during the 4th quarter worth approximately $7,585,000. Invesco Ltd. grew its stake in shares of Upstart by 886.0% during the fourth quarter. Invesco Ltd. now owns 709,684 shares of the company's stock worth $43,695,000 after buying an additional 637,706 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Upstart during the fourth quarter valued at about $209,000. 63.01% of the stock is owned by institutional investors.

Insider Activity at Upstart

In related news, CFO Sanjay Datta sold 16,070 shares of the firm'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 transaction, the chief financial officer now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Paul Gu sold 12,007 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $948,793.14. Following the transaction, the chief technology officer now directly owns 1,006,599 shares in the company, valued at $79,541,452.98. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,395 shares of company stock valued at $2,638,828. Company insiders own 18.06% of the company's stock.

Upstart Stock Up 3.8 %

UPST traded up $1.50 during trading hours on Friday, hitting $40.92. The stock had a trading volume of 2,926,619 shares, compared to its average volume of 6,555,232. The company's fifty day simple moving average is $54.50 and its 200 day simple moving average is $60.26. Upstart Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $96.43. The stock has a market cap of $3.83 billion, a PE ratio of -28.03 and a beta of 2.39.

Upstart (NASDAQ:UPST - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of Upstart from $100.00 to $108.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Citigroup increased their target price on shares of Upstart from $87.00 to $108.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley upgraded shares of Upstart from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $12.00 to $70.00 in a report on Friday, February 14th. The Goldman Sachs Group lifted their target price on shares of Upstart from $13.50 to $15.00 and gave the stock a "sell" rating in a research report on Wednesday, February 12th. Finally, Bank of America upped their target price on Upstart from $33.00 to $39.00 and gave the company an "underperform" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $69.46.

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.