Hsbc Holdings PLC Trims Holdings in Upstart Holdings, Inc. $UPST

Hsbc Holdings PLC trimmed its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 210,145 shares of the company’s stock after selling 18,385 shares during the period. Hsbc Holdings PLC owned 0.21% of Upstart worth $9,206,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Jericho Capital Asset Management L.P. boosted its position in shares of Upstart by 11.9% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,011,809 shares of the company’s stock worth $219,166,000 after buying an additional 531,000 shares during the period. Morgan Stanley boosted its position in shares of Upstart by 154.6% in the fourth quarter. Morgan Stanley now owns 4,206,615 shares of the company’s stock worth $183,955,000 after buying an additional 2,554,591 shares during the period. Geode Capital Management LLC grew its stake in Upstart by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,068,515 shares of the company’s stock valued at $90,469,000 after acquiring an additional 26,734 shares in the last quarter. Norges Bank acquired a new position in shares of Upstart in the fourth quarter worth $49,915,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Upstart by 31.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 971,856 shares of the company’s stock worth $49,370,000 after buying an additional 232,595 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Upstart

In other news, CEO Paul Gu acquired 50,000 shares of Upstart stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $27.50 per share, for a total transaction of $1,375,000.00. Following the transaction, the chief executive officer owned 70,000 shares of the company’s stock, valued at $1,925,000. The trade was a 250.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sanjay Datta sold 15,000 shares of Upstart stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total value of $456,150.00. Following the sale, the insider directly owned 313,556 shares in the company, valued at $9,535,237.96. The trade was a 4.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,346 shares of company stock valued at $991,672 over the last quarter. Company insiders own 17.29% of the company’s stock.

Upstart Price Performance

NASDAQ:UPST opened at $33.66 on Friday. The stock has a market cap of $3.22 billion, a P/E ratio of 88.58, a PEG ratio of 0.87 and a beta of 2.26. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $87.30. The company has a fifty day moving average price of $31.18 and a 200 day moving average price of $34.82.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.46). Upstart had a return on equity of 5.63% and a net margin of 4.34%.The company had revenue of $308.21 million during the quarter, compared to analyst estimates of $301.30 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 44.3% on a year-over-year basis. As a group, equities research analysts anticipate that Upstart Holdings, Inc. will post 0.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UPST. Mizuho set a $45.00 target price on Upstart in a report on Friday, May 8th. Morgan Stanley set a $35.00 target price on shares of Upstart in a research report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $30.00 price target on shares of Upstart in a research report on Tuesday, June 9th. Zacks Research upgraded Upstart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Citigroup reissued a “market underperform” rating on shares of Upstart in a research report on Thursday, June 11th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.73.

Upstart Profile

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.