Los Angeles Capital Management LLC Trims Holdings in Upstart Holdings, Inc. $UPST

Los Angeles Capital Management LLC trimmed its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,118 shares of the company’s stock after selling 2,321 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Upstart were worth $2,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in shares of Upstart during the second quarter valued at approximately $34,000. Bogart Wealth LLC grew its stake in shares of Upstart by 140.0% in the 2nd quarter. Bogart Wealth LLC now owns 1,200 shares of the company’s stock worth $78,000 after buying an additional 700 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Upstart by 385.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company’s stock worth $90,000 after buying an additional 1,548 shares during the last quarter. NewEdge Advisors LLC increased its position in Upstart by 20.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $92,000 after buying an additional 333 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new position in Upstart during the second quarter valued at $210,000. Institutional investors own 63.01% of the company’s stock.

Insider Activity at Upstart

In other news, CTO Paul Gu sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $68.61, for a total value of $343,050.00. Following the transaction, the chief technology officer owned 1,147,156 shares in the company, valued at $78,706,373.16. This represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Datta sold 13,473 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $61.12, for a total transaction of $823,469.76. Following the completion of the transaction, the chief financial officer directly owned 297,904 shares in the company, valued at approximately $18,207,892.48. The trade was a 4.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 106,214 shares of company stock valued at $6,803,558 in the last 90 days. 16.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings raised Upstart from a “sell (e+)” rating to a “hold (c-)” rating in a research note on Friday. The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 price target on shares of Upstart in a research note on Thursday. Citigroup reduced their price objective on shares of Upstart from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Bank of America decreased their target price on shares of Upstart from $81.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Upstart from $88.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.58.

Upstart Stock Performance

UPST opened at $38.77 on Tuesday. The company’s 50-day simple moving average is $54.95 and its two-hundred day simple moving average is $59.94. The stock has a market capitalization of $3.77 billion, a P/E ratio of 176.24 and a beta of 2.27. Upstart Holdings, Inc. has a 52-week low of $31.40 and a 52-week high of $96.43.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The firm had revenue of $277.11 million during the quarter, compared to analyst estimates of $288.94 million. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The business’s revenue for the quarter was up 70.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) earnings per share. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

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.