Bordeaux Wealth Advisors LLC buys 45,396 Upstart Holdings, Inc. shares (NASDAQ:UPST)

Bordeaux Wealth Advisors LLC increased its investment in Upstart Holdings, Inc. (NASDAQ: UPST) by 75.7% during the third quarter, as stated in the company’s most recent Form 13F filing with the Securities and Exchange Commission. This information was gleaned from the filing that was made. Following the acquisition of an additional 45,396 shares during the period that was the report’s subject, the fund now has 105,396 shares of the company’s stock in its possession.

Bordeaux Wealth Advisors LLC, which manages a client’s investment portfolio, holds approximately 1.4% of the company’s shares and ranks Upstart as the 14th largest investment in that portfolio.

Bordeaux Wealth Advisors LLC was the proud owner of approximately 0.13% of Upstart at the end of the most recent reporting period when the stock had a market value of $2,191,000.

In addition, several institutional investors have recently adjusted the percentage of their holdings allocated to UPST shares. Vanguard Group Inc.

Increased the amount of Upstart stock owned by 16.9% during the first three months of 2018. Vanguard Group Inc. now holds 5,822,210 shares of the corporation’s stock, which has a value of $635,145,000. This results from purchasing an additional 840,668 shares of the company’s stock throughout the period.

During the first three months of 2018, BlackRock Inc.

Increased the amount of Upstart stock owned by 11.5%, bringing its total ownership to 100%.

BlackRock Inc. now has a total of 2,355,881 shares of the company’s stock, valued at $257,003,000, following purchasing of an additional 242,348 shares during the most recent quarter.

During the second quarter, State Street Corporation achieved a 36.6% increase in the proportion of Upstart stock it owned. State Street Corp. now owns 1,319,132 of the company’s shares, which have a value of $41,711,000 following purchasing of an additional 353,154 shares during the most recent quarter. The value of Northern Trust Corporation’s holdings in Upstart increased by 26.4% over the first three months of 2018. Following the acquisition of an additional 90,383 shares during the period in question, Northern Trust Corp. now possesses a total of 433,243 shares of the company’s stock, which have a value of $47,263,000. The seventh and final bit of noteworthy information is that during the second quarter, Legal & General Group Plc increased the percentage of its holdings in Upstart that it had.

After acquiring an additional 137,828 shares during the most recent reporting period, Legal & General Group Plc now holds 332,004 shares of the company’s stock.

Each share of the company’s stock has a current market value of $10,498,000.

At this time, 37.43% of the total number of shares in the company are owned by institutional investors.
Monday’s regular trading hours saw a $0.64 increase in the price of Upstart shares, which reached its current level of $17.93. The stock’s average volume is 5,323,236 shares, so the number of shares traded today was significantly lower than that at only 2,198,505 shares. The moving average of the company’s stock price over the past 50 days is $16.31, and the moving average over the past 200 days is $21.97. The lowest price that the stock of Upstart Holdings, Inc. has been in the past year is $12.01, while the highest price that the stock has been in the past year is $161.00. The stock’s price-to-earnings ratio is -173.90, and its beta value is 1.32. The market price of one share of the company’s stock is equivalent to $1.47 billion.

Tuesday, November 8, was the day Upstart (NASDAQ: UPST) announced its most recent earnings report to the public.

Earnings per share for the company came in at $0.69 for the quarter, which was significantly lower than the consensus estimate among industry analysts, which was $0.46. Upstart had a return on equity of 0.70%, and the company’s net margin was 0.55%, so the overall return was 0.55%. The revenue for the quarter came in at $157.23 million, a significant decrease from the average projection of $171.67 million in revenue for the period. Sell-side analysts forecast that Upstart Holdings, Inc. will incur a $1.63 per share loss during the current fiscal year. This loss is predicted to occur during the company’s second quarter.

On Friday, November 11, director Kerry Whorton Cooper sold 2,000 shares of the company’s stock, which brings us to another relevant piece of information. There was $41,840 worth of transactions involving the company’s shares, with each transaction occurring at an average price of $20.92 per share.

After the completion of the transaction, the director is now the direct owner of 768 shares of the company.

Each share has an approximate value of $16,066.56, making the director’s ownership stake approximately $16,066.56.

Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website.

In other news, director Kerry Whorton Cooper sold 2,000 shares of the company’s stock on November 11. This transaction took place on Friday. This follows on the heels of other recent occurrences. There was $41,840 worth of transactions involving the company’s shares, with each transaction occurring at an average price of $20.92 per share.
Following the completion of the sale, the director will have a total of 768 shares in the company.

At the moment, each share is worth approximately $16,066.56. On the Securities and Exchange Commission (SEC) website, you can currently access the information concerning the sale that was submitted to the SEC. Sanjay Datta, who serves as the company’s chief financial officer, sold 3,200 shares of the company’s stock on Tuesday, December 27.

Datta’s sale was part of a larger transaction. Revenue was generated from the sale of a total of $41,568.00 worth of stock, purchased at an average price of $12.99 per share. Following the completion of the transaction, the chief financial officer will have a total of 275,585 shares of the company’s stock, which will have a value of $3,579,849.15 at the time of their acquisition. The disclosure about the purchase can be found in this particular location. Over the past three months, company insiders have sold 34,293 shares of the company, which have a combined value of $577,988. The company’s insiders own the shares of stock 18.87%.

Recent months have seen several different analyst studies relating to UPST being compiled.

In a research note published on November 9, Jefferies Financial Group announced that they would be lowering their price objective on Upstart’s stock from $25.00 to $20.00. The previous price objective was $25.00.

In a research note released on Tuesday, November 15, Barclays announced that they would be decreasing their price objective on Upstart’s shares to $17.00 from their previous level of $20.00. On Wednesday, January 18, Piper Jaffray released a research report in which they increased their price target on Upstart from $14.00 to $16.00 and gave the stock a “neutral” rating. The research note that Piper Sandler has written can be seen here. Citigroup lowered their price objective on Upstart shares from $33.00 to $17.00 and changed their rating on the stock from “neutral” to “underperform” in a research note published on Friday.

In a research note published on Monday, December 12, Mizuho increased its price target on Upstart shares to $14.00 and assigned the company an “underperform” rating. The news that they had reduced their price target for the company was also included in the note they sent out. Seven market analysts have suggested that investors sell the stock, four have suggested that investors maintain their current position, and two have suggested that investors buy the stock. The company’s stock is currently rated as a “hold,” and market analysts anticipate that it will reach an average price of $55.21 per share within the next three months, as indicated by information from Bloomberg.com.

An artificial intelligence (AI) lending platform operated in the United States by Upstart Holdings, Inc.

And its affiliated companies and hosted in the cloud is one of those platforms. The aggregated demand for consumer loans hosted on the platform is connected to the company’s network of bank partners, each of which is equipped with artificial intelligence (AI). The year 2012 marked the beginning of operations for the business, which currently operates out of San Mateo, which is found within the boundaries of the state of California.