Commonwealth Equity Services LLC Sells 22,310 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Commonwealth Equity Services LLC lessened its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,066 shares of the company’s stock after selling 22,310 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Peloton Interactive were worth $844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Two Sigma Advisers LP increased 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 buying an additional 206,500 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Peloton Interactive during the 4th quarter valued at approximately $360,000. Rhumbline Advisers increased its stake in shares of Peloton Interactive by 7.8% during the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock worth $4,168,000 after purchasing an additional 34,514 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Peloton Interactive in the 3rd quarter worth approximately $505,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Peloton Interactive by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock valued at $35,985,000 after purchasing an additional 139,826 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Peloton Interactive

In related news, Director Karen Boone sold 17,259 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total value of $148,945.17. Following the transaction, the director now owns 244,641 shares of the company’s stock, valued at $2,111,251.83. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nick V. Caldwell sold 68,727 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the sale, the insider now owns 474,234 shares in the company, valued at $3,125,202.06. The trade was a 12.66 % 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 quarter. Insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Down 1.6 %

Shares of NASDAQ PTON opened at $6.22 on Wednesday. The stock’s 50-day simple moving average is $7.64 and its two-hundred day simple moving average is $7.63. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The firm has a market capitalization of $2.43 billion, a P/E ratio of -8.08 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) 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). As a group, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

PTON has been the topic of several research reports. Telsey Advisory Group restated a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Macquarie reiterated 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 reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Finally, Citigroup cut their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.69.

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.