During the third quarter, AE Wealth Management LLC reduced its shares of Upstart Holdings, Inc. (NASDAQ: UPST), as stated in the most recent disclosure that the company made with the Securities and Exchange Commission. Following the completion of the quarter in which they sold 6,806 shares of the company’s stock, the institutional investor now holds 10,285 shares within their portfolio. The value of AE Wealth Management LLC’s interest in Upstart was USD 214,000 after the most recent reporting period. This was the most recent statistic that could be found.
Several other hedge funds and institutional investors have also altered the percentage of the company’s stock they own due to these changes. SkyView Investment Advisors LLC increased its investment in Upstart by $45,000 during the first quarter, bringing the total amount of capital the firm has contributed to the startup to approximately $45,000. During the second quarter, Bellwether Advisors LLC accomplished an increase of 40.0% in the percentage of ownership of Upstart that it held. Bellwether Advisors LLC now holds 802 shares of the company’s stock, following the acquisition of an additional 800 shares during the most recent quarter. Each share of the company’s stock is currently valued at $2,500. Covestor Ltd. increased the amount of Upstart stock owned by 3,345.2% during the year’s first quarter. Covestor Ltd. bought an additional 1,037 shares of the company’s stock during the most recent quarter, bringing the total number of shares it bought to 1,068. This purchase came to $117,000 in total value. Geneos Wealth Management Inc. grew its ownership stake in Upstart by 62.6% during the first three months of 2018, bringing the total percentage of its holdings to 100%. Geneos Wealth Management Inc. now has a total of 1,145 shares, valued at $124,000, after purchasing an additional 441 shares during the most recent quarter. Geneos Wealth Management Inc.’s holdings have increased by 4.1% since the beginning of the most recent quarter. And finally, during the third quarter of the financial year, Activist Wealth Management made a fresh investment in Upstart for $28,000. At present, institutions hold ownership over 37.43% of the total shares of stock that are outstanding.
Recent analyses conducted by industry analysts have almost exclusively concentrated on UPST.
Mizuho increased their price objective on Upstart’s shares to $14.00 and categorized the company as “underperform” in a research note published on December 12th. In a research report published on November 9th, Jefferies Financial Group announced that they would be decreasing their price target on Upstart’s stock from $25.00 to $20.00. The previous price target was $25.00. Barclays announced in a research note that was released on Tuesday, November 15th, that they would be decreasing their price objective on Upstart’s shares
