Y Intercept Hong Kong Ltd Takes $8.30 Million Position in Upstart Holdings, Inc. $UPST

Y Intercept Hong Kong Ltd acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 128,377 shares of the company’s stock, valued at approximately $8,303,000. Y Intercept Hong Kong Ltd owned about 0.13% of Upstart as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Wealthfront Advisers LLC acquired a new position in Upstart during the second quarter valued at approximately $247,000. State of New Jersey Common Pension Fund D grew its stake in Upstart by 44.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 41,276 shares of the company’s stock valued at $2,670,000 after buying an additional 12,617 shares during the last quarter. R Squared Ltd acquired a new position in Upstart in the 2nd quarter valued at $302,000. Bogart Wealth LLC grew its stake in Upstart by 140.0% in the 2nd quarter. Bogart Wealth LLC now owns 1,200 shares of the company’s stock valued at $78,000 after buying an additional 700 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Upstart by 2.4% in the 2nd quarter. International Assets Investment Management LLC now owns 12,929 shares of the company’s stock valued at $836,000 after buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Stock Up 1.1%

UPST stock opened at $52.69 on Monday. The company has a market cap of $5.07 billion, a PE ratio of -658.63 and a beta of 2.28. Upstart Holdings, Inc. has a twelve month low of $31.40 and a twelve month high of $96.43. The business’s 50-day simple moving average is $60.07 and its 200 day simple moving average is $59.52.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. Upstart had a negative return on equity of 5.95% and a negative net margin of 0.75%.The business had revenue of $257.29 million for the quarter, compared to analysts’ expectations of $225.35 million. During the same period in the previous year, the business posted ($0.17) earnings per share. Upstart’s quarterly revenue was up 101.6% on a year-over-year basis. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 price target (up from $70.00) on shares of Upstart in a research report on Wednesday, August 6th. JPMorgan Chase & Co. raised Upstart from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $93.00 to $88.00 in a report on Wednesday, August 20th. Bank of America lowered their target price on Upstart from $88.00 to $87.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Piper Sandler set a $80.00 price objective on shares of Upstart in a research note on Monday, October 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Upstart in a research note on Friday. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Upstart has an average rating of “Hold” and a consensus price target of $78.83.

Insider Activity

In other news, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $64.93, for a total transaction of $2,705,438.31. Following the sale, the chief executive officer directly owned 52,614 shares in the company, valued at approximately $3,416,227.02. The trade was a 44.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Paul Gu sold 5,000 shares of Upstart stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $68.61, for a total transaction of $343,050.00. Following the sale, the chief technology officer owned 1,147,156 shares in the company, valued at approximately $78,706,373.16. This trade represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,214 shares of company stock valued at $6,803,558. 16.67% of the stock is owned by insiders.

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.