International Assets Investment Management LLC Sells 227,704 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)

International Assets Investment Management LLC cut its position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 97.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,554 shares of the company's stock after selling 227,704 shares during the quarter. International Assets Investment Management LLC's holdings in Upstart were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Upstart in the third quarter valued at about $35,000. BNP Paribas bought a new position in Upstart in the 3rd quarter worth approximately $37,000. Blue Trust Inc. increased its position in Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company's stock worth $40,000 after buying an additional 550 shares during the period. Hollencrest Capital Management acquired a new position in shares of Upstart during the third quarter worth approximately $40,000. Finally, Indiana Trust & Investment Management Co bought a new stake in shares of Upstart in the third quarter valued at approximately $43,000. Institutional investors own 63.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on UPST shares. Citigroup raised shares of Upstart from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. Piper Sandler raised shares of Upstart from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $31.00 to $85.00 in a research report on Friday, November 8th. Needham & Company LLC raised Upstart from a "hold" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Friday, December 13th. Mizuho upped their price target on Upstart from $33.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, September 20th. Finally, BTIG Research upgraded Upstart from a "sell" rating to a "neutral" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Upstart currently has an average rating of "Hold" and a consensus target price of $61.80.

Upstart Stock Down 2.5 %

NASDAQ UPST traded down $1.48 during trading hours on Friday, hitting $57.74. The company's stock had a trading volume of 5,171,603 shares, compared to its average volume of 4,539,341. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $88.95. The firm has a market capitalization of $5.27 billion, a P/E ratio of -29.92 and a beta of 2.26. The stock has a fifty day moving average of $69.52 and a 200 day moving average of $48.34.

Insider Buying and Selling at Upstart

In other Upstart news, CFO Sanjay Datta sold 1,500 shares of the company's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $48.68, for a total value of $73,020.00. Following the completion of the sale, the chief financial officer now owns 337,093 shares of the company's stock, valued at approximately $16,409,687.24. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Paul Gu sold 20,000 shares of Upstart stock in a transaction on Monday, October 14th. The stock was sold at an average price of $50.26, for a total transaction of $1,005,200.00. Following the transaction, the chief technology officer now directly owns 878,565 shares in the company, valued at approximately $44,156,676.90. This represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 457,868 shares of company stock worth $29,720,588. Insiders own 18.06% of the company's stock.

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.