Skandinaviska Enskilda Banken AB publ Sells 201,562 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 75.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,342 shares of the company's stock after selling 201,562 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Peloton Interactive were worth $585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PDT Partners LLC lifted its stake in Peloton Interactive by 0.7% in the third quarter. PDT Partners LLC now owns 205,573 shares of the company's stock valued at $962,000 after buying an additional 1,373 shares in the last quarter. Victory Capital Management Inc. lifted its position in Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock valued at $366,000 after acquiring an additional 1,534 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after acquiring an additional 1,597 shares in the last quarter. Choreo LLC boosted its stake in Peloton Interactive by 12.3% in the 4th quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after purchasing an additional 1,838 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Peloton Interactive by 33.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

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Peloton Interactive Stock Performance

Shares of PTON stock traded up $0.44 during midday trading on Friday, hitting $6.96. 25,909,917 shares of the company were exchanged, compared to its average volume of 15,936,734. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The firm has a market capitalization of $2.71 billion, a P/E ratio of -9.04 and a beta of 1.95. The firm's 50 day moving average price is $7.94 and its two-hundred day moving average price is $7.46.

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

Insiders Place Their Bets

In related news, insider Andrew S. Rendich sold 121,883 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the transaction, the insider now directly owns 404,188 shares of the company's stock, valued at approximately $3,855,953.52. This trade represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the sale, the chief accounting officer now directly owns 130,031 shares of the company's stock, valued at $1,267,802.25. This represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 691,597 shares of company stock worth $5,671,783 in the last 90 days. Company insiders own 1.34% of the company's stock.

Analyst Upgrades and Downgrades

PTON has been the subject of several recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Tuesday, February 11th. Macquarie reissued a "neutral" rating and issued a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. UBS Group upgraded shares of Peloton Interactive from a "sell" rating to a "neutral" rating and increased their target price for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Finally, 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 note 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.69.

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.