Corient Private Wealth LLC Has $311,000 Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Corient Private Wealth LLC decreased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 92.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,768 shares of the company's stock after selling 456,551 shares during the period. Corient Private Wealth LLC's holdings in Peloton Interactive were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock worth $31,000 after buying an additional 1,597 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Peloton Interactive during the 3rd quarter worth about $58,000. SBI Securities Co. Ltd. acquired a new stake in Peloton Interactive in the 4th quarter valued at about $69,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after acquiring an additional 2,403 shares during the last quarter. Institutional investors own 77.01% of the company's stock.

Insider Buying and Selling

In other news, Director Karen Boone sold 17,259 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the transaction, the director now directly owns 244,641 shares in the company, valued at $2,111,251.83. The trade was a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the sale, the insider now owns 474,234 shares of the company's stock, valued at $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 691,597 shares of company stock worth $5,671,783. Corporate insiders own 1.34% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have commented on PTON shares. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Citigroup lowered their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research note on Friday, February 7th. 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. Finally, UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and increased their price target for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive currently has an average rating of "Hold" and an average price target of $8.69.

Peloton Interactive Price Performance

Shares of PTON traded down $0.10 during mid-day trading on Tuesday, hitting $6.22. 9,146,090 shares of the company's stock were exchanged, compared to its average volume of 15,996,201. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The company has a market cap of $2.43 billion, a PE ratio of -8.08 and a beta of 1.95. The company has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $7.62.

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

Peloton Interactive Profile

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.