Y Intercept Hong Kong Ltd Invests $360,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Y Intercept Hong Kong Ltd purchased a new position in 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 institutional investor purchased 41,388 shares of the company's stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gtcr LLC bought a new position in Peloton Interactive during the 3rd quarter valued at $65,520,000. Hennessy Advisors Inc. bought a new position in Peloton Interactive during the fourth quarter valued at about $85,260,000. Two Sigma Advisers LP grew its holdings in Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock worth $34,823,000 after acquiring an additional 206,500 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Peloton Interactive in the 4th quarter valued at about $39,992,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Peloton Interactive by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company's stock valued at $18,703,000 after purchasing an additional 291,946 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Price Performance

Shares of PTON stock traded down $0.06 during trading on Wednesday, reaching $6.89. The company had a trading volume of 16,761,167 shares, compared to its average volume of 15,594,402. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The company has a market capitalization of $2.69 billion, a PE ratio of -8.95 and a beta of 1.95. The firm's 50 day simple moving average is $8.53 and its two-hundred day simple moving average is $7.33.

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

Insider Activity

In other news, CEO Karen Boone sold 16,925 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00. Following the completion of the transaction, the chief executive officer now owns 228,217 shares of the company's stock, valued at approximately $2,200,011.88. This represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 170,819 shares of Peloton Interactive stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the sale, the chief financial officer now directly owns 275,212 shares in the company, valued at approximately $2,647,539.44. This trade represents a 38.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 414,406 shares of company stock valued at $3,913,773. 1.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Macquarie reaffirmed a "neutral" rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Friday, February 7th. Citigroup dropped their price objective 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. Finally, Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Tuesday, February 11th. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.38.

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.