Upstart Holdings, Inc. $UPST Shares Bought by Jericho Capital Asset Management L.P.

Jericho Capital Asset Management L.P. lifted its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,011,809 shares of the company’s stock after acquiring an additional 531,000 shares during the period. Upstart accounts for approximately 2.5% of Jericho Capital Asset Management L.P.’s holdings, making the stock its 16th biggest position. Jericho Capital Asset Management L.P. owned approximately 0.05% of Upstart worth $219,166,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in UPST. Erste Asset Management GmbH bought a new stake in shares of Upstart in the 3rd quarter worth approximately $4,237,000. Citigroup Inc. raised its holdings in shares of Upstart by 71.5% in the 3rd quarter. Citigroup Inc. now owns 550,138 shares of the company’s stock worth $27,947,000 after purchasing an additional 229,315 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Upstart by 31.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 971,856 shares of the company’s stock worth $49,370,000 after purchasing an additional 232,595 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Upstart by 1,066.4% in the 3rd quarter. Quantbot Technologies LP now owns 147,316 shares of the company’s stock worth $7,484,000 after purchasing an additional 134,686 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Upstart in the 3rd quarter worth approximately $3,218,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on UPST shares. Piper Sandler dropped their target price on shares of Upstart from $56.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. B. Riley Financial dropped their target price on shares of Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Mizuho set a $45.00 target price on shares of Upstart in a report on Friday, May 8th. Truist Financial set a $40.00 target price on shares of Upstart in a report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Upstart from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.73.

Upstart Price Performance

UPST stock opened at $30.46 on Thursday. Upstart Holdings, Inc. has a 52-week low of $23.97 and a 52-week high of $87.30. The company’s 50 day simple moving average is $30.63 and its 200-day simple moving average is $35.38. The firm has a market capitalization of $2.92 billion, a P/E ratio of 80.16, a P/E/G ratio of 0.85 and a beta of 2.26.

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

Upstart declared that its board has authorized a stock buyback plan on Thursday, February 19th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 974 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $28.99, for a total value of $28,236.26. Following the transaction, the insider owned 37,374 shares in the company, valued at approximately $1,083,472.26. This represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrea Blankmeyer sold 7,044 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $29.63, for a total transaction of $208,713.72. Following the completion of the transaction, the chief financial officer owned 162,383 shares in the company, valued at approximately $4,811,408.29. This represents a 4.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 33,346 shares of company stock worth $991,672. 17.29% of the stock is owned by company insiders.

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.