Vanguard Group Inc. Has $418.63 Million Stock Position in Upstart Holdings, Inc. $UPST

Vanguard Group Inc. lessened its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,240,724 shares of the company’s stock after selling 18,384 shares during the quarter. Vanguard Group Inc. owned 8.56% of Upstart worth $418,629,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in UPST. Geode Capital Management LLC lifted its position in Upstart by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,009,116 shares of the company’s stock valued at $129,965,000 after acquiring an additional 73,582 shares in the last quarter. Norges Bank bought a new position in Upstart during the 2nd quarter worth about $67,777,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Upstart by 9.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,261 shares of the company’s stock valued at $47,815,000 after purchasing an additional 62,212 shares during the period. Mane Global Capital Management LP bought a new stake in shares of Upstart in the second quarter valued at about $43,576,000. Finally, Rokos Capital Management LLP bought a new stake in shares of Upstart in the second quarter valued at about $31,012,000. Institutional investors own 63.01% of the company’s stock.

Insider Transactions at Upstart

In related news, Director Kerry Whorton Cooper sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $50.00, for a total value of $75,000.00. Following the completion of the sale, the director directly owned 23,934 shares in the company, valued at approximately $1,196,700. This trade represents a 5.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sanjay Datta sold 7,982 shares of Upstart stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $29.86, for a total value of $238,342.52. Following the transaction, the chief financial officer owned 276,688 shares of the company’s stock, valued at $8,261,903.68. The trade was a 2.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 10,115 shares of company stock worth $332,269. 16.67% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on UPST. Morgan Stanley set a $45.00 price objective on Upstart in a report on Wednesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of Upstart from $88.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Stephens cut their price objective on shares of Upstart from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Citizens Jmp restated a “market underperform” rating and set a $20.00 target price on shares of Upstart in a report on Friday, February 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Upstart in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.50.

Upstart Stock Up 4.3%

Shares of Upstart stock opened at $29.67 on Friday. The stock has a market cap of $2.91 billion, a P/E ratio of 70.64, a P/E/G ratio of 0.74 and a beta of 2.38. Upstart Holdings, Inc. has a 12-month low of $26.80 and a 12-month high of $87.30. The business’s 50 day moving average is $41.47 and its 200-day moving average is $49.26.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, February 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $296.09 million during the quarter, compared to analysts’ expectations of $288.54 million. Upstart had a net margin of 5.13% and a return on equity of 6.30%. The firm’s revenue was up 35.2% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. On average, sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Upstart announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 19th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 3.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Upstart Profile

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.