Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 11.3% during the 3rd quarter, Holdings Channel reports. The fund owned 497,788 shares of the company’s stock after selling 63,250 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Peloton Interactive were worth $2,330,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PTON. Gtcr LLC purchased a new position in Peloton Interactive in the 3rd quarter valued at about $65,520,000. DME Capital Management LP acquired a new stake in Peloton Interactive during the second quarter worth approximately $22,947,000. Charles Schwab Investment Management Inc. grew its stake in Peloton Interactive by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company’s stock worth $18,703,000 after acquiring an additional 291,946 shares during the period. Clearline Capital LP acquired a new position in Peloton Interactive in the 2nd quarter valued at $7,527,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Peloton Interactive during the 3rd quarter worth $8,363,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insiders Place Their Bets

In other Peloton Interactive news, CEO Karen Boone sold 16,925 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total value of $163,157.00. Following the transaction, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at $2,200,011.88. This represents a 6.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Saqib Baig sold 36,776 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.53, for a total transaction of $276,923.28. Following the sale, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at $1,034,298.21. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 467,358 shares of company stock worth $3,435,118 in the last quarter. 1.34% of the stock is owned by corporate insiders.

Peloton Interactive Stock Performance

PTON stock opened at $9.58 on Friday. The stock has a 50-day simple moving average of $7.70 and a 200-day simple moving average of $5.22. The firm has a market cap of $3.65 billion, a P/E ratio of -8.95 and a beta of 1.90. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.59.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.44) EPS. On average, equities research analysts predict that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on PTON. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Robert W. Baird raised their target price on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. Canaccord Genuity Group boosted their price objective on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Finally, Macquarie increased their target price on Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and an average price target of $6.97.

Peloton Interactive 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.