Hsbc Holdings PLC Sells 18,385 Shares of Upstart Holdings, Inc. $UPST

Hsbc Holdings PLC reduced its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 210,145 shares of the company’s stock after selling 18,385 shares during the period. Hsbc Holdings PLC’s holdings in Upstart were worth $9,206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rare Wolf Capital LLC bought a new position in Upstart during the fourth quarter worth about $616,000. Alpine Woods Capital Investors LLC bought a new stake in shares of Upstart in the 4th quarter valued at approximately $752,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Upstart by 41.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 45,167 shares of the company’s stock valued at $1,975,000 after purchasing an additional 13,205 shares during the period. Beacon Pointe Advisors LLC acquired a new position in shares of Upstart in the 4th quarter worth approximately $380,000. Finally, Empowered Funds LLC acquired a new position in shares of Upstart in the 4th quarter worth approximately $40,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UPST. Piper Sandler decreased their price target on Upstart from $56.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. BTIG Research reiterated a “buy” rating and set a $43.00 price objective on shares of Upstart in a research note on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and set a $30.00 price objective on shares of Upstart in a report on Tuesday, June 9th. B. Riley Financial reduced their target price on shares of Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of Upstart from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.73.

Insider Activity at Upstart

In related news, insider Sanjay Datta sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total value of $456,150.00. Following the completion of the transaction, the insider owned 313,556 shares in the company, valued at $9,535,237.96. The trade was a 4.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dave Girouard acquired 170,240 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average price of $29.37 per share, with a total value of $4,999,948.80. Following the transaction, the director directly owned 8,512,941 shares in the company, valued at $250,025,077.17. The trade was a 2.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 33,346 shares of company stock valued at $991,672 in the last three months. 17.29% of the stock is currently owned by corporate insiders.

Upstart Price Performance

Shares of UPST opened at $33.66 on Friday. The company has a market capitalization of $3.22 billion, a P/E ratio of 88.58, a PEG ratio of 0.87 and a beta of 2.26. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $87.30. The business’s 50 day simple moving average is $31.18 and its 200-day simple moving average is $34.82.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.46). The company had revenue of $308.21 million for the quarter, compared to the consensus estimate of $301.30 million. Upstart had a return on equity of 5.63% and a net margin of 4.34%.The firm’s revenue was up 44.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, sell-side analysts anticipate that Upstart Holdings, Inc. will post 0.92 EPS for the current fiscal year.

Upstart Company 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.