MML Investors Services LLC Boosts Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

MML Investors Services LLC lifted its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 7.7% in the third quarter, HoldingsChannel reports. The firm owned 43,912 shares of the company’s stock after acquiring an additional 3,133 shares during the quarter. MML Investors Services LLC’s holdings in Upstart were worth $1,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Anfield Capital Management LLC acquired a new position in shares of Upstart during the second quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Upstart in the third quarter worth approximately $35,000. BNP Paribas acquired a new position in Upstart during the 3rd quarter worth approximately $37,000. Blue Trust Inc. increased its position in shares of Upstart by 125.3% in the 3rd quarter. Blue Trust Inc. now owns 989 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of Upstart in the 3rd quarter valued at $40,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Upstart Price Performance

Shares of Upstart stock opened at $82.99 on Wednesday. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of -43.00 and a beta of 2.19. The firm’s fifty day simple moving average is $64.34 and its 200-day simple moving average is $43.12. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $88.95.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on UPST shares. BTIG Research raised Upstart from a “sell” rating to a “neutral” rating in a report on Monday, November 11th. Redburn Atlantic upgraded Upstart from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $95.00 in a report on Tuesday, December 3rd. Piper Sandler upgraded Upstart from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $85.00 in a research note on Friday, November 8th. Wedbush increased their price target on shares of Upstart from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Finally, Citigroup upgraded shares of Upstart from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $87.00 in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Upstart currently has an average rating of “Hold” and a consensus price target of $61.80.

Insider Activity

In other Upstart news, CTO Paul Gu sold 4,019 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $75.00, for a total value of $301,425.00. Following the transaction, the chief technology officer now directly owns 863,065 shares of the company’s stock, valued at approximately $64,729,875. The trade was a 0.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief financial officer now owns 341,593 shares of the company’s stock, valued at $13,663,720. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 533,368 shares of company stock valued at $32,813,134. Insiders own 18.06% of the company’s stock.

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.