Corebridge Financial Inc. Sells 7,766 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Corebridge Financial Inc. lowered its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 175,109 shares of the company’s stock after selling 7,766 shares during the period. Corebridge Financial Inc.’s holdings in Peloton Interactive were worth $1,523,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its stake in shares of Peloton Interactive by 3.8% during the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after buying an additional 1,534 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after acquiring an additional 1,597 shares during the period. Choreo LLC grew its position in 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 acquiring an additional 1,838 shares during the last quarter. Counterpoint Mutual Funds LLC increased its stake in Peloton Interactive by 2.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company’s stock worth $691,000 after purchasing an additional 1,951 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after purchasing an additional 2,403 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analysts Set New Price Targets

PTON has been the topic of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Macquarie reissued a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, Citigroup lowered their price target on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.69.

Insider Transactions at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 38,151 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $6.83, for a total transaction of $260,571.33. Following the sale, the chief financial officer now owns 258,880 shares in the company, valued at $1,768,150.40. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nick V. Caldwell sold 68,727 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the transaction, the insider now owns 474,234 shares of the company’s stock, valued at approximately $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 674,338 shares of company stock valued at $5,522,838. Insiders own 1.34% of the company’s stock.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $6.31 on Thursday. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -8.19 and a beta of 1.95. The company has a 50-day moving average of $7.60 and a 200 day moving average of $7.62.

Peloton Interactive (NASDAQ:PTON) last released its 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). On average, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current 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.