Great Lakes Advisors LLC Acquires Shares of 471,111 Peloton Interactive, Inc. (NASDAQ:PTON)

Great Lakes Advisors LLC bought a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 471,111 shares of the company's stock, valued at approximately $4,099,000. Great Lakes Advisors LLC owned approximately 0.12% of Peloton Interactive at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Peloton Interactive during the fourth quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock worth $31,000 after purchasing an additional 1,597 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Peloton Interactive during the fourth quarter worth about $69,000. Jones Financial Companies Lllp grew its holdings 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 worth $83,000 after purchasing an additional 2,403 shares during the last quarter. Finally, Matauro LLC bought a new stake in shares of Peloton Interactive during the fourth quarter worth about $90,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Tuesday, February 11th. Citigroup reduced their price target on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and upped their target price for the company from $2.50 to $10.00 in a report on Friday, December 6th. The Goldman Sachs Group upped their target price on Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Finally, JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a report on Friday, February 7th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Peloton Interactive currently has an average rating of "Hold" and an average price target of $8.69.

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Peloton Interactive Stock Performance

Shares of Peloton Interactive stock traded up $0.06 on Wednesday, reaching $6.52. 12,280,224 shares of the company's stock were exchanged, compared to its average volume of 15,843,988. The company has a market capitalization of $2.54 billion, a P/E ratio of -8.47 and a beta of 1.95. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The firm's 50-day moving average is $8.02 and its two-hundred day moving average is $7.47.

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

Insider Transactions at Peloton Interactive

In related news, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now directly owns 100,269 shares of the company's stock, valued at approximately $646,735.05. This represents a 65.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Elizabeth F. Coddington sold 170,819 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total value of $1,643,278.78. Following the completion of the sale, the chief financial officer now directly owns 275,212 shares of the company's stock, valued at $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 have sold 691,597 shares of company stock valued at $5,671,783 over the last ninety days. 1.34% of the stock is owned by company insiders.

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.