Geode Capital Management LLC Acquires 170,901 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Geode Capital Management LLC grew its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,270,328 shares of the company's stock after acquiring an additional 170,901 shares during the period. Geode Capital Management LLC owned 2.17% of Peloton Interactive worth $71,969,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Peloton Interactive in the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new position in Peloton Interactive during the fourth quarter valued at approximately $69,000. C M Bidwell & Associates Ltd. bought a new stake in Peloton Interactive during the fourth quarter worth $72,000. Jones Financial Companies Lllp boosted its holdings in shares of Peloton Interactive by 33.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock valued at $83,000 after purchasing an additional 2,403 shares in the last quarter. Finally, Matauro LLC bought a new position in shares of Peloton Interactive in the 4th quarter valued at $90,000. Institutional investors own 77.01% of the company's stock.

Peloton Interactive Trading Down 4.0 %

PTON stock traded down $0.23 during trading on Wednesday, hitting $5.50. The company had a trading volume of 6,045,175 shares, compared to its average volume of 16,053,149. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The business has a 50-day moving average of $7.04 and a 200-day moving average of $7.65. The stock has a market cap of $2.14 billion, a PE ratio of -7.14 and a beta of 2.21.

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

Insider Transactions at Peloton Interactive

In related news, insider Andrew S. Rendich sold 121,883 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value 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 $3,855,953.52. The trade was a 23.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 674,338 shares of company stock valued at $5,522,838 in the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research report on Monday. The Goldman Sachs Group raised 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. Telsey Advisory Group reaffirmed a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research note on Friday, March 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.59.

Peloton Interactive Company 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.