Wealthfront Advisers LLC increased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 1,510.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,753 shares of the company's stock after buying an additional 253,943 shares during the period. Wealthfront Advisers LLC owned about 0.07% of Peloton Interactive worth $2,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Peloton Interactive in the 4th quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings 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 purchasing an additional 1,597 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter worth $58,000. SBI Securities Co. Ltd. purchased a new position in shares of Peloton Interactive during the 4th quarter worth $69,000. Finally, GM Advisory Group LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter worth $70,000. Hedge funds and other institutional investors own 77.01% of the company's stock.
Peloton Interactive Stock Up 0.9 %
NASDAQ PTON traded up $0.06 during trading on Wednesday, hitting $6.52. The stock had a trading volume of 12,276,017 shares, compared to its average volume of 15,843,971. The company has a market capitalization of $2.54 billion, a PE ratio of -8.47 and a beta of 1.95. The firm has a 50 day moving average price of $8.02 and a 200 day moving average price of $7.47. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data 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, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.
Insider Activity
In related news, insider Andrew S. Rendich sold 121,883 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the sale, the insider now owns 404,188 shares in the company, valued at $3,855,953.52. The trade was a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 sale, the chief accounting officer now owns 130,031 shares of the company's stock, 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. In the last quarter, insiders sold 691,597 shares of company stock worth $5,671,783. 1.34% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. 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. Telsey Advisory Group reiterated a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. 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. Macquarie reiterated a "neutral" rating and set a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Finally, JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $8.69.
Check Out Our Latest Stock Report on Peloton Interactive
About Peloton Interactive
(
Free Report)
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.
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