Banco Santander S.A. Takes $924,000 Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Banco Santander S.A. bought a new position in Upstart Holdings, Inc. (NASDAQ:UPST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 15,000 shares of the company’s stock, valued at approximately $924,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of Upstart by 3.1% in the 4th quarter. Jones Financial Companies Lllp now owns 5,511 shares of the company’s stock worth $339,000 after purchasing an additional 167 shares in the last quarter. Bailard Inc. lifted its position in Upstart by 0.5% in the 4th quarter. Bailard Inc. now owns 38,759 shares of the company’s stock worth $2,386,000 after buying an additional 212 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 buying an additional 224 shares in the last quarter. Orion Capital Management LLC grew its position in Upstart by 5.1% during the third quarter. Orion Capital Management LLC now owns 5,560 shares of the company’s stock valued at $222,000 after acquiring an additional 270 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Upstart by 17.8% during the fourth quarter. KBC Group NV now owns 3,088 shares of the company’s stock worth $190,000 after acquiring an additional 467 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UPST. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $95.00 in a research note on Tuesday, December 3rd. The Goldman Sachs Group upped their price target on shares of Upstart from $13.50 to $15.00 and gave the company a “sell” rating in a research report on Wednesday, February 12th. Bank of America raised their price objective on Upstart from $33.00 to $39.00 and gave the company an “underperform” rating in a research note on Wednesday, February 12th. Citigroup boosted their target price on Upstart from $87.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Needham & Company LLC lifted their price target on Upstart from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.38.

Upstart Stock Performance

UPST opened at $53.69 on Monday. The stock’s 50 day moving average price is $66.53 and its 200-day moving average price is $59.36. Upstart Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $96.43. The stock has a market capitalization of $5.03 billion, a PE ratio of -36.77 and a beta of 2.25.

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

Insider Buying and Selling

In related news, CFO Sanjay Datta sold 16,070 shares of Upstart stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the sale, the chief financial officer now directly owns 295,537 shares in the company, valued at $23,353,333.74. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dave Girouard sold 4,524 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $79.01, for a total value of $357,441.24. Following the completion of the transaction, the chief executive officer now owns 52,614 shares of the company’s stock, valued at approximately $4,157,032.14. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,062 shares of company stock valued at $5,247,182 over the last three months. Corporate 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.