Upstart Holdings, Inc. (NASDAQ:UPST) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its position in Upstart Holdings, Inc. (NASDAQ:UPSTGet Rating) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,230 shares of the company’s stock after selling 2,939 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Upstart were worth $2,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPST. Allworth Financial LP purchased a new stake in Upstart during the 3rd quarter valued at about $26,000. Wagner Wealth Management LLC acquired a new position in shares of Upstart in the 3rd quarter worth approximately $29,000. Herold Advisors Inc. acquired a new position in shares of Upstart in the 3rd quarter worth approximately $31,000. Hoey Investments Inc. acquired a new position in shares of Upstart in the 3rd quarter worth approximately $32,000. Finally, Manchester Capital Management LLC purchased a new position in Upstart in the 3rd quarter valued at approximately $32,000. 67.88% of the stock is owned by institutional investors.

Shares of UPST opened at $75.30 on Friday. The firm has a 50-day moving average price of $112.40 and a 200 day moving average price of $171.01. The firm has a market capitalization of $6.37 billion, a PE ratio of 53.40 and a beta of -0.58. Upstart Holdings, Inc. has a 52-week low of $72.50 and a 52-week high of $401.49.

Upstart (NASDAQ:UPSTGet Rating) last announced its earnings results on Tuesday, February 15th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.43. The firm had revenue of $304.85 million during the quarter, compared to analyst estimates of $262.01 million. Upstart had a net margin of 15.96% and a return on equity of 21.33%. As a group, research analysts anticipate that Upstart Holdings, Inc. will post 1.04 earnings per share for the current fiscal year.

UPST has been the topic of a number of analyst reports. JMP Securities reduced their price objective on shares of Upstart from $315.00 to $245.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 16th. Wedbush downgraded shares of Upstart from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $110.00 to $75.00 in a research report on Tuesday, March 22nd. Barclays lowered their target price on shares of Upstart from $285.00 to $180.00 in a report on Thursday, February 17th. Stephens began coverage on shares of Upstart in a report on Thursday, March 31st. They set an “equal weight” rating and a $124.00 price objective on the stock. Finally, Bank of America raised shares of Upstart from an “underperform” rating to a “buy” rating and set a $255.00 price objective on the stock in a report on Thursday, February 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $217.21.

In other Upstart news, General Counsel Alison Nicoll sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 26th. The shares were sold at an average price of $100.64, for a total value of $754,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dave Girouard sold 83,333 shares of the firm’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $108.39, for a total transaction of $9,032,463.87. Following the completion of the transaction, the chief executive officer now owns 87,114 shares of the company’s stock, valued at $9,442,286.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,374 shares of company stock valued at $27,588,764. Insiders own 25.20% of the company’s stock.

Upstart Profile (Get Rating)

Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform in the United States. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

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Institutional Ownership by Quarter for Upstart (NASDAQ:UPST)

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