UBS Group AG Raises Holdings in Better Home & Finance Holding Company $BETR

UBS Group AG lifted its holdings in shares of Better Home & Finance Holding Company (NASDAQ:BETR) by 49.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,409 shares of the company’s stock after purchasing an additional 27,356 shares during the period. UBS Group AG owned about 0.52% of Better Home & Finance worth $2,685,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BETR. JPMorgan Chase & Co. purchased a new stake in Better Home & Finance in the 2nd quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new stake in Better Home & Finance in the 3rd quarter worth approximately $29,000. Russell Investments Group Ltd. purchased a new stake in Better Home & Finance in the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Better Home & Finance in the 2nd quarter worth approximately $33,000. Finally, BNP Paribas Financial Markets purchased a new stake in Better Home & Finance in the 2nd quarter worth approximately $72,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

Better Home & Finance Stock Up 3.4%

Shares of BETR opened at $26.47 on Wednesday. The firm has a market cap of $499.49 million, a PE ratio of -2.25 and a beta of 1.83. The company’s fifty day moving average is $34.09 and its two-hundred day moving average is $36.75. Better Home & Finance Holding Company has a fifty-two week low of $10.81 and a fifty-two week high of $94.06.

Wall Street Analyst Weigh In

Several analysts have commented on BETR shares. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Finally, Needham & Company LLC started coverage on shares of Better Home & Finance in a research note on Monday, May 4th. They issued a “buy” rating and a $53.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

Insiders Place Their Bets

In related news, major shareholder Ventures Iv L.P. Framework purchased 54,384 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were bought at an average price of $32.96 per share, for a total transaction of $1,792,496.64. Following the acquisition, the insider directly owned 1,006,696 shares in the company, valued at $33,180,700.16. This trade represents a 5.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vishal Garg purchased 15,600 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $24.87 per share, for a total transaction of $387,972.00. Following the acquisition, the chief executive officer owned 87,060 shares in the company, valued at $2,165,182.20. The trade was a 21.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders acquired 315,176 shares of company stock worth $9,812,461 and sold 7,396 shares worth $218,222. 23.59% of the stock is owned by company insiders.

About Better Home & Finance

Better Home & Finance Holding Co engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner’s insurance services. The company was founded in 2014 and is headquartered in New York, NY.