Tyler Stone Wealth Management Cuts Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Tyler Stone Wealth Management trimmed its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,834 shares of the company’s stock after selling 700 shares during the period. Tyler Stone Wealth Management owned approximately 0.06% of Upstart worth $3,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPST. Rakuten Securities Inc. acquired a new stake in shares of Upstart in the fourth quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Upstart in the 3rd quarter valued at approximately $35,000. Farther Finance Advisors LLC grew its position in shares of Upstart by 24.2% during the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock worth $54,000 after buying an additional 172 shares in the last quarter. BNP Paribas bought a new stake in shares of Upstart in the third quarter worth $37,000. Finally, GAMMA Investing LLC raised its holdings in Upstart by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock valued at $83,000 after acquiring an additional 224 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity at Upstart

In related news, CEO Dave Girouard sold 4,524 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,269,851.40. Following the sale, the chief financial officer now owns 295,537 shares of the company’s stock, valued at $23,353,333.74. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,062 shares of company stock worth $5,247,182 in the last quarter. 18.06% of the stock is owned by company insiders.

Upstart Trading Down 0.3 %

Shares of NASDAQ UPST opened at $55.00 on Wednesday. Upstart Holdings, Inc. has a 12-month low of $20.60 and a 12-month 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 stock has a 50 day simple moving average of $64.01 and a 200-day simple moving average of $60.17.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Sell-side analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPST. Barclays upped their target price on shares of Upstart from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. Needham & Company LLC boosted their price target on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Bank of America raised their price objective on Upstart from $33.00 to $39.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 12th. Wedbush lifted their price objective on shares of Upstart from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $95.00 in a report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.38.

About Upstart

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.