Mercer Global Advisors Inc. ADV Has $1.50 Million Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

Mercer Global Advisors Inc. ADV lowered its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,399 shares of the company’s stock after selling 2,989 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Upstart were worth $1,502,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPST. Rakuten Securities Inc. bought a new stake in shares of Upstart in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC increased its stake in Upstart by 24.2% in the fourth quarter. Farther Finance Advisors LLC now owns 882 shares of the company’s stock valued at $54,000 after purchasing an additional 172 shares in the last quarter. GAMMA Investing LLC raised its holdings in Upstart by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $83,000 after purchasing an additional 224 shares during the period. Blue Trust Inc. boosted its position in shares of Upstart by 49.1% during the fourth quarter. Blue Trust Inc. now owns 1,475 shares of the company’s stock worth $91,000 after purchasing an additional 486 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Upstart in the 4th quarter valued at $96,000. Institutional investors own 63.01% of the company’s stock.

Upstart Stock Up 3.2 %

Upstart stock opened at $47.93 on Friday. The company has a market capitalization of $4.56 billion, a P/E ratio of -32.83 and a beta of 2.39. The firm has a 50 day moving average price of $46.53 and a 200-day moving average price of $60.30. Upstart Holdings, Inc. has a twelve month low of $20.60 and a twelve month high of $96.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.19 by $0.11. The company had revenue of $213.37 million during the quarter, compared to the consensus estimate of $201.08 million. Upstart had a negative net margin of 20.20% and a negative return on equity of 25.87%. Upstart’s revenue for the quarter was up 67.0% on a year-over-year basis. During the same period last year, the firm earned ($0.31) EPS. Equities analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Paul Gu sold 12,007 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $948,793.14. Following the completion of the sale, the chief technology officer now directly owns 1,006,599 shares in the company, valued at $79,541,452.98. This represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sanjay Datta sold 16,070 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $1,269,851.40. Following the sale, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at approximately $23,353,333.74. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,395 shares of company stock valued at $2,638,828 in the last quarter. Corporate insiders own 16.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UPST shares. B. Riley upgraded Upstart from a “neutral” rating to a “buy” rating and increased their price target for the stock from $49.00 to $105.00 in a report on Wednesday, February 12th. Piper Sandler lowered their target price on Upstart from $105.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday. Needham & Company LLC cut their price target on shares of Upstart from $108.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday. Bank of America upgraded shares of Upstart from an “underperform” rating to a “neutral” rating and set a $53.00 price objective on the stock in a report on Tuesday, April 29th. Finally, Morgan Stanley decreased their price objective on Upstart from $70.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.42.

Upstart 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.