Sei Investments Co. Boosts Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Sei Investments Co. raised its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 621.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,388 shares of the company's stock after purchasing an additional 122,649 shares during the period. Sei Investments Co.'s holdings in Peloton Interactive were worth $1,239,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PTON. Two Sigma Advisers LP lifted its position in shares of Peloton Interactive by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock valued at $34,823,000 after buying an additional 206,500 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Peloton Interactive during the fourth quarter worth $360,000. Rhumbline Advisers lifted its holdings in Peloton Interactive by 7.8% during the fourth quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock valued at $4,168,000 after purchasing an additional 34,514 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Peloton Interactive by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company's stock valued at $35,985,000 after purchasing an additional 139,826 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of Peloton Interactive during the third quarter worth about $505,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded up $0.08 during midday trading on Friday, reaching $5.58. 7,949,592 shares of the company's stock were exchanged, compared to its average volume of 16,094,842. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -7.25 and a beta of 2.21. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The firm's 50 day simple moving average is $7.13 and its two-hundred day simple moving average is $7.64.

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Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly 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). Equities research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PTON shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Citigroup lowered their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, Macquarie restated a "neutral" rating and issued a $9.00 price target on shares of Peloton Interactive in a research report on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of "Hold" and an average price target of $8.69.

Insider Activity at Peloton Interactive

In other news, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the transaction, the insider now directly owns 474,234 shares in the company, valued at $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction 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 business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. This represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 674,338 shares of company stock worth $5,522,838. Insiders own 1.34% of the company's stock.

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.