Peloton Interactive, Inc. (NASDAQ:PTON) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,042 shares of the company’s stock after buying an additional 26,086 shares during the period. New York State Common Retirement Fund’s holdings in Peloton Interactive were worth $983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D acquired a new position in shares of Peloton Interactive during the fourth quarter worth $2,300,000. Rhumbline Advisers lifted its position in shares of Peloton Interactive by 7.8% during the fourth quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock worth $4,168,000 after purchasing an additional 34,514 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Peloton Interactive during the fourth quarter worth $178,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Peloton Interactive during the fourth quarter worth $5,277,000. Finally, Entropy Technologies LP acquired a new position in shares of Peloton Interactive during the fourth quarter worth $652,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Andrew S. Rendich sold 121,883 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the sale, the insider now owns 404,188 shares of the company’s stock, valued at $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Karen Boone sold 16,925 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the completion of the sale, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at $2,200,011.88. The trade was a 6.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 414,406 shares of company stock valued at $3,913,773. 1.34% of the stock is currently owned by company insiders.

Peloton Interactive Stock Performance

Shares of PTON opened at $7.03 on Tuesday. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90. The company has a market cap of $2.74 billion, a price-to-earnings ratio of -9.13 and a beta of 1.95. The firm has a fifty day moving average of $8.63 and a 200-day moving average of $7.30.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results 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). Analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. The Goldman Sachs Group lifted their price target on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Citigroup dropped their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Macquarie restated a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a research note on Monday, February 10th. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.