Hel Ved Capital Management Ltd Acquires Shares of 51,940 Upstart Holdings, Inc. (NASDAQ:UPST)

Hel Ved Capital Management Ltd bought a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,940 shares of the company’s stock, valued at approximately $3,198,000. Hel Ved Capital Management Ltd owned about 0.06% of Upstart as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in Upstart during the 4th quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Upstart in the third quarter valued at approximately $35,000. Farther Finance Advisors LLC boosted its stake in Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after acquiring an additional 172 shares during the last quarter. GAMMA Investing LLC grew its holdings in Upstart by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after acquiring an additional 224 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Upstart by 49.1% during the 4th quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock valued at $91,000 after acquiring an additional 486 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Activity at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 794 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $62,741.88. Following the sale, the insider now directly owns 21,985 shares of the company’s stock, valued at approximately $1,737,254.70. This represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sanjay Datta sold 16,070 shares of Upstart stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the completion of the transaction, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,062 shares of company stock valued at $5,247,182. 18.06% of the stock is owned by insiders.

Upstart Stock Performance

Shares of Upstart stock opened at $34.80 on Friday. The firm has a market cap of $3.26 billion, a PE ratio of -23.84 and a beta of 2.39. The business’s 50 day simple moving average is $60.87 and its 200 day simple moving average is $60.37. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $96.43.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. As a group, equities research analysts predict that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UPST. Morgan Stanley raised Upstart from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $12.00 to $70.00 in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. Bank of America increased their price target on shares of Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research report on Wednesday, February 12th. Needham & Company LLC lifted their price objective on shares of Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Citigroup upped their target price on shares of Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $73.38.

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.