Bank Julius Baer & Co. Ltd Zurich Increases Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Bank Julius Baer & Co. Ltd Zurich raised its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 9.1% during the fourth quarter, HoldingsChannel reports. The firm owned 58,899 shares of the company’s stock after buying an additional 4,929 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Upstart were worth $2,407,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UPST. Atria Wealth Solutions Inc. acquired a new position in shares of Upstart in the 4th quarter valued at $299,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Upstart in the 4th quarter valued at $76,000. GAMMA Investing LLC acquired a new position in shares of Upstart in the 4th quarter valued at $25,000. National Wealth Management Group LLC acquired a new position in shares of Upstart in the 4th quarter valued at $326,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Upstart by 20.0% in the 4th quarter. Handelsbanken Fonder AB now owns 12,000 shares of the company’s stock valued at $490,000 after buying an additional 2,000 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart Stock Performance

Shares of Upstart stock opened at $23.46 on Friday. Upstart Holdings, Inc. has a one year low of $11.93 and a one year high of $72.58. The firm has a fifty day moving average of $24.95 and a two-hundred day moving average of $29.38.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.05. The company had revenue of $140.31 million during the quarter, compared to the consensus estimate of $135.28 million. Upstart had a negative net margin of 46.76% and a negative return on equity of 35.47%. On average, equities research analysts forecast that Upstart Holdings, Inc. will post -2.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Upstart from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday, February 14th. JMP Securities restated a “market perform” rating on shares of Upstart in a report on Wednesday, April 17th. Bank of America started coverage on shares of Upstart in a research note on Thursday, April 4th. They set an “underperform” rating and a $22.00 price target for the company. Mizuho increased their price target on shares of Upstart from $19.00 to $23.00 and gave the stock an “underperform” rating in a research note on Thursday, January 18th. Finally, Piper Sandler reiterated a “neutral” rating and set a $28.00 price target on shares of Upstart in a research note on Tuesday, March 19th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.00.

Insiders Place Their Bets

In other Upstart news, CFO Sanjay Datta sold 1,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $32.62, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now owns 356,090 shares in the company, valued at approximately $11,615,655.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Sanjay Datta sold 1,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $32.62, for a total value of $32,620.00. Following the completion of the transaction, the chief financial officer now owns 356,090 shares in the company, valued at approximately $11,615,655.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Darling sold 1,298 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $35.38, for a total transaction of $45,923.24. Following the completion of the transaction, the insider now owns 169,527 shares of the company’s stock, valued at approximately $5,997,865.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,717 shares of company stock worth $1,828,815. 18.06% of the stock is owned by insiders.

Upstart Company 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.