Upbound Group, Inc. (NASDAQ:UPBD) Shares Bought by First National Advisers LLC

First National Advisers LLC raised its holdings in Upbound Group, Inc. (NASDAQ:UPBD) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,910 shares of the company’s stock after purchasing an additional 1,674 shares during the quarter. First National Advisers LLC owned about 0.12% of Upbound Group worth $1,952,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Upbound Group by 2,864.5% in the third quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock valued at $12,974,000 after purchasing an additional 391,888 shares during the period. Geode Capital Management LLC increased its stake in shares of Upbound Group by 4.7% during the third quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company’s stock worth $38,968,000 after acquiring an additional 54,427 shares during the period. Barclays PLC increased its stake in shares of Upbound Group by 42.5% during the third quarter. Barclays PLC now owns 316,225 shares of the company’s stock worth $10,116,000 after acquiring an additional 94,333 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Upbound Group by 130.3% during the third quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company’s stock worth $5,835,000 after acquiring an additional 103,212 shares during the period. Finally, State Street Corp increased its stake in shares of Upbound Group by 2.2% during the third quarter. State Street Corp now owns 2,028,224 shares of the company’s stock worth $64,883,000 after acquiring an additional 43,814 shares during the period. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,146 shares of Upbound Group stock in a transaction on Tuesday, January 7th. The shares were bought at an average price of $29.01 per share, with a total value of $33,245.46. Following the completion of the acquisition, the director now directly owns 86,380 shares of the company’s stock, valued at approximately $2,505,883.80. This trade represents a 1.34 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Fahmi Karam purchased 11,500 shares of Upbound Group stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the acquisition, the chief financial officer now directly owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. This represents a 7.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

UPBD has been the topic of a number of recent analyst reports. Loop Capital dropped their price target on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. TD Cowen upgraded shares of Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Upbound Group Stock Up 4.1 %

UPBD stock opened at $24.56 on Friday. The company has a market cap of $1.41 billion, a P/E ratio of 11.11 and a beta of 2.01. Upbound Group, Inc. has a 52 week low of $23.35 and a 52 week high of $38.72. The company’s 50-day moving average price is $28.19 and its 200 day moving average price is $30.08. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. On average, research analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.