Charles Schwab Investment Management Inc. Acquires 139,826 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,136,182 shares of the company's stock after acquiring an additional 139,826 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.08% of Peloton Interactive worth $35,985,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Peloton Interactive during the 4th quarter valued at $69,000. Jones Financial Companies Lllp raised its position in shares of Peloton Interactive by 33.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock valued at $83,000 after buying an additional 2,403 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Peloton Interactive in the fourth quarter valued at about $140,000. NCP Inc. acquired a new stake in Peloton Interactive during the fourth quarter worth about $104,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Peloton Interactive by 2.0% in the 4th quarter. Bank of New York Mellon Corp now owns 970,963 shares of the company's stock worth $8,447,000 after acquiring an additional 19,081 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the sale, the insider now directly owns 404,188 shares of the company's stock, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth F. Coddington sold 170,819 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the sale, the chief financial officer now owns 275,212 shares in the company, valued at approximately $2,647,539.44. The trade was a 38.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 691,597 shares of company stock worth $5,671,783 over the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Citigroup cut their price objective on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Canaccord Genuity Group upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Friday, March 14th. Argus upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group increased their price target on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $8.69.

Peloton Interactive Trading Down 0.1 %

Shares of PTON stock traded down $0.01 on Thursday, reaching $6.52. The company had a trading volume of 9,630,688 shares, compared to its average volume of 15,862,276. The company has a 50-day moving average of $7.98 and a 200-day moving average of $7.47. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The stock has a market cap of $2.54 billion, a PE ratio of -8.46 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.