73,072 Shares in Upstart Holdings, Inc. $UPST Purchased by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 73,072 shares of the company’s stock, valued at approximately $2,589,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of Upstart by 154.6% in the 4th quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock valued at $183,955,000 after purchasing an additional 2,554,591 shares during the last quarter. Norges Bank acquired a new position in shares of Upstart in the fourth quarter valued at approximately $49,915,000. Halter Ferguson Financial Inc. raised its stake in shares of Upstart by 253.3% during the first quarter. Halter Ferguson Financial Inc. now owns 1,467,360 shares of the company’s stock worth $37,638,000 after purchasing an additional 1,052,039 shares during the last quarter. Azora Capital LP purchased a new stake in shares of Upstart during the fourth quarter worth approximately $38,580,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Upstart by 267.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company’s stock worth $26,234,000 after purchasing an additional 744,190 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart Trading Down 1.6%

Upstart stock opened at $28.05 on Friday. The stock has a market cap of $2.73 billion, a PE ratio of 57.24, a P/E/G ratio of 0.99 and a beta of 2.16. The stock has a 50-day moving average price of $30.30 and a 200 day moving average price of $29.81. Upstart Holdings, Inc. has a 52 week low of $23.97 and a 52 week high of $71.38.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The firm had revenue of $364.71 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter last year, the company posted $0.36 earnings per share. Upstart’s revenue for the quarter was up 41.9% on a year-over-year basis. On average, equities analysts predict that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UPST. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 31st. Citigroup dropped their price target on shares of Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Needham & Company LLC increased their price target on shares of Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, BTIG Research restated a “buy” rating and issued a $43.00 price objective on shares of Upstart in a research report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.40.

Insider Activity at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 913 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $30.03, for a total transaction of $27,417.39. Following the transaction, the insider owned 35,875 shares of the company’s stock, valued at $1,077,326.25. This represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrea Blankmeyer sold 7,175 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $29.36, for a total value of $210,658.00. Following the sale, the chief financial officer owned 155,208 shares in the company, valued at $4,556,906.88. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 47,652 shares of company stock valued at $1,424,230. Company insiders own 17.29% of the company’s stock.

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.