Swiss National Bank Sells 20,100 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Swiss National Bank trimmed its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 634,200 shares of the company’s stock after selling 20,100 shares during the period. Swiss National Bank owned about 0.17% of Peloton Interactive worth $5,518,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PDT Partners LLC boosted its holdings 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 acquiring an additional 1,373 shares during the last quarter. Victory Capital Management Inc. lifted its position in Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after purchasing an additional 1,534 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of 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 during the last quarter. Choreo LLC grew its position in shares of Peloton Interactive by 12.3% during the 4th quarter. Choreo LLC now owns 16,832 shares of the company’s stock worth $150,000 after buying an additional 1,838 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Peloton Interactive by 33.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock worth $83,000 after buying an additional 2,403 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PTON. Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, March 14th. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, February 11th. Macquarie reiterated a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. The Goldman Sachs Group raised their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.69.

Insiders Place Their Bets

In related news, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the sale, the insider now owns 404,188 shares of the company’s stock, valued at approximately $3,855,953.52. The trade was a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the sale, the insider now owns 100,269 shares in the company, valued at $646,735.05. The trade was a 65.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 691,597 shares of company stock valued at $5,671,783 in the last three months. 1.34% of the stock is currently owned by corporate insiders.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $6.96 on Monday. The stock has a 50-day simple moving average of $7.90 and a 200 day simple moving average of $7.52. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The company has a market cap of $2.71 billion, a PE ratio of -9.04 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results 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). On average, research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

About Peloton Interactive

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.