Landscape Capital Management L.L.C. Has $1.34 Million Stake in Upstart Holdings, Inc. (NASDAQ:UPST)

Landscape Capital Management L.L.C. increased its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,775 shares of the company’s stock after buying an additional 4,613 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Upstart were worth $1,341,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UPST. Quadrature Capital Ltd acquired a new stake in shares of Upstart during the 3rd quarter worth $676,000. Union Bancaire Privee UBP SA acquired a new stake in Upstart during the fourth quarter worth about $2,057,000. Two Sigma Advisers LP increased its holdings in Upstart by 689.5% in the 3rd quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock valued at $23,566,000 after buying an additional 514,400 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Upstart in the 3rd quarter valued at approximately $430,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Upstart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,774 shares of the company’s stock worth $72,702,000 after acquiring an additional 29,482 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Bank of America boosted their price objective on shares of Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Upstart from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. Needham & Company LLC lifted their target price on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. B. Riley raised shares of Upstart from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $105.00 in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.38.

Upstart Trading Down 10.1 %

NASDAQ UPST opened at $34.80 on Friday. The firm has a market capitalization of $3.26 billion, a PE ratio of -23.84 and a beta of 2.39. The business’s 50-day moving average price is $60.87 and its two-hundred day moving average price is $60.37. Upstart Holdings, Inc. has a 12 month low of $20.60 and a 12 month high of $96.43.

Upstart (NASDAQ:UPST) last announced its earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. As a group, analysts forecast that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $62.60, for a total transaction of $2,608,354.20. Following the completion of the sale, the chief executive officer now directly owns 57,138 shares in the company, valued at approximately $3,576,838.80. This trade represents a 42.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Natalia Mirgorodskaya sold 794 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $79.02, for a total value of $62,741.88. Following the completion of the transaction, the insider now directly owns 21,985 shares in the company, valued at $1,737,254.70. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,062 shares of company stock valued at $5,247,182 over the last quarter. Insiders own 18.06% of the company’s stock.

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.