The Manufacturers Life Insurance Company Takes Position in Upstart Holdings, Inc. $UPST

The Manufacturers Life Insurance Company acquired a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,957 shares of the company’s stock, valued at approximately $1,557,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its holdings in Upstart by 749.2% in the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after purchasing an additional 442 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Upstart by 132.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after buying an additional 439 shares during the period. Empowered Funds LLC acquired a new stake in shares of Upstart during the 4th quarter worth approximately $40,000. State of Wyoming acquired a new stake in shares of Upstart during the 2nd quarter worth approximately $61,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Upstart by 29.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock valued at $69,000 after buying an additional 241 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on UPST shares. Needham & Company LLC increased their price objective on Upstart from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $35.00 price target on Upstart in a report on Thursday, May 7th. Mizuho set a $45.00 price objective on shares of Upstart in a report on Friday, May 8th. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Upstart from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.40.

Upstart Stock Up 1.2%

UPST opened at $28.52 on Friday. Upstart Holdings, Inc. has a 52 week low of $23.97 and a 52 week high of $71.38. The business has a fifty day simple moving average of $30.41 and a 200-day simple moving average of $29.83. The firm has a market cap of $2.78 billion, a P/E ratio of 58.20, a P/E/G ratio of 0.99 and a beta of 2.16.

Upstart (NASDAQ:UPST) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the firm posted $0.36 EPS. Upstart’s quarterly revenue was up 41.9% compared to the same quarter last year. Sell-side analysts expect that Upstart Holdings, Inc. will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Sanjay Datta sold 8,945 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $28.09, for a total transaction of $251,265.05. Following the sale, the insider owned 292,578 shares of the company’s stock, valued at approximately $8,218,516.02. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrea Blankmeyer sold 3,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $29.33, for a total transaction of $87,990.00. Following the sale, the chief financial officer directly owned 152,208 shares in the company, valued at $4,464,260.64. This represents a 1.93% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold 47,652 shares of company stock worth $1,424,230 over the last three months. Company insiders own 17.29% of the company’s stock.

Upstart 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.