Marshall Wace LLP Has $65.36 Million Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Marshall Wace LLP grew its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 300.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,061,512 shares of the company's stock after purchasing an additional 796,252 shares during the period. Marshall Wace LLP owned 1.16% of Upstart worth $65,357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPST. FMR LLC lifted its position in Upstart by 36.3% in the third quarter. FMR LLC now owns 6,735 shares of the company's stock worth $269,000 after purchasing an additional 1,792 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 29,482 shares during the period. Tidal Investments LLC increased its stake in Upstart by 1,413.7% in the 3rd quarter. Tidal Investments LLC now owns 333,463 shares of the company's stock worth $13,342,000 after purchasing an additional 311,434 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Upstart by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company's stock worth $83,000 after purchasing an additional 224 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Upstart during the fourth quarter valued at approximately $313,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPST. Piper Sandler restated an "overweight" rating and issued a $105.00 price objective (up previously from $85.00) on shares of Upstart in a research note on Wednesday, February 12th. Bank of America increased their target price on Upstart from $33.00 to $39.00 and gave the stock an "underperform" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Upstart from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $57.00 to $79.00 in a research report on Wednesday, February 12th. Morgan Stanley raised Upstart from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $12.00 to $70.00 in a report on Friday, February 14th. Finally, B. Riley raised Upstart from a "neutral" rating to a "buy" rating and lifted their price target for the company from $49.00 to $105.00 in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $69.46.

Upstart Trading Up 4.4 %

Shares of NASDAQ:UPST traded up $1.85 during trading on Wednesday, hitting $43.78. 4,377,782 shares of the company's stock traded hands, compared to its average volume of 6,552,467. The company has a market cap of $4.10 billion, a price-to-earnings ratio of -29.99 and a beta of 2.39. The company has a 50-day moving average price of $52.68 and a 200-day moving average price of $60.42. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (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%. On average, analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Dave Girouard sold 4,524 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total transaction of $357,441.24. Following the completion of the sale, the chief executive officer now owns 52,614 shares in the company, valued at $4,157,032.14. The trade was a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sanjay Datta sold 16,070 shares of the 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 $1,269,851.40. Following the transaction, the chief financial officer now owns 295,537 shares in the company, 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. In the last 90 days, insiders sold 33,395 shares of company stock valued at $2,638,828. 16.67% of the stock is owned by insiders.

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.