TCI Wealth Advisors Inc. Has $1.79 Million Stock Holdings in Upstart Holdings, Inc. (NASDAQ:UPST)

TCI Wealth Advisors Inc. lifted its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 6.5% in the third quarter, Holdings Channel reports. The institutional investor owned 44,756 shares of the company’s stock after acquiring an additional 2,732 shares during the period. TCI Wealth Advisors Inc.’s holdings in Upstart were worth $1,791,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Upstart by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 7,128,975 shares of the company’s stock worth $191,698,000 after acquiring an additional 115,057 shares during the period. Liontrust Investment Partners LLP lifted its position in Upstart by 26.1% during the second quarter. Liontrust Investment Partners LLP now owns 290,000 shares of the company’s stock worth $6,841,000 after purchasing an additional 60,000 shares during the period. Bank of New York Mellon Corp increased its holdings in Upstart by 15.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 272,430 shares of the company’s stock valued at $6,427,000 after buying an additional 36,206 shares during the period. Millennium Management LLC raised its position in shares of Upstart by 1,792.9% in the 2nd quarter. Millennium Management LLC now owns 262,396 shares of the company’s stock valued at $6,190,000 after buying an additional 277,896 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Upstart by 4,087.8% during the third quarter. International Assets Investment Management LLC now owns 233,258 shares of the company’s stock valued at $9,333,000 after purchasing an additional 227,688 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Upstart Stock Up 2.7 %

NASDAQ:UPST traded up $1.36 during trading hours on Monday, reaching $51.94. The company had a trading volume of 1,854,956 shares, compared to its average volume of 6,647,025. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of -21.62 and a beta of 2.01. The business’s 50-day simple moving average is $42.12 and its two-hundred day simple moving average is $31.36. Upstart Holdings, Inc. has a twelve month low of $19.84 and a twelve month high of $57.40.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, August 6th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.22. Upstart had a negative return on equity of 32.01% and a negative net margin of 38.05%. The company had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. During the same period in the prior year, the firm earned ($0.34) earnings per share. Upstart’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts predict that Upstart Holdings, Inc. will post -2.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UPST shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Upstart in a report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Upstart from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, August 20th. Wedbush raised Upstart from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $45.00 in a report on Monday, October 14th. Barclays increased their target price on Upstart from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Finally, Citigroup raised Upstart from a “sell” rating to a “neutral” rating and upped their price objective for the company from $15.00 to $33.00 in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.50.

Insider Activity at Upstart

In other news, CTO Paul Gu sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $40.01, for a total value of $400,100.00. Following the completion of the sale, the chief technology officer now owns 894,629 shares in the company, valued at $35,794,106.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Dave Girouard sold 3,361 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $38.35, for a total transaction of $128,894.35. Following the completion of the transaction, the chief executive officer now owns 61,512 shares in the company, valued at approximately $2,358,985.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Paul Gu sold 10,000 shares of Upstart stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $40.01, for a total transaction of $400,100.00. Following the completion of the sale, the chief technology officer now directly owns 894,629 shares in the company, valued at approximately $35,794,106.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 312,459 shares of company stock valued at $13,667,605. 18.06% of the stock is owned by corporate insiders.

About Upstart

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.