Y Intercept Hong Kong Ltd Makes New $360,000 Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 41,388 shares of the company’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PTON. PDT Partners LLC lifted 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 worth $962,000 after purchasing an additional 1,373 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted 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 worth $31,000 after acquiring an additional 1,597 shares during the period. Choreo LLC boosted its holdings in shares of Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company’s stock valued at $150,000 after acquiring an additional 1,838 shares in the last quarter. R Squared Ltd acquired a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $28,000. Finally, KBC Group NV increased its stake in shares of Peloton Interactive by 36.0% during the fourth quarter. KBC Group NV now owns 15,953 shares of the company’s stock valued at $139,000 after acquiring an additional 4,221 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $7.03 on Tuesday. The firm has a fifty day moving average price of $8.63 and a two-hundred day moving average price of $7.30. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The company has a market cap of $2.74 billion, a PE ratio of -9.13 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released its 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). Analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, insider Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.11, for a total transaction of $432,333.27. Following the completion of the transaction, the insider now directly owns 287,507 shares of the company’s stock, valued at $2,619,188.77. This trade represents a 14.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 404,188 shares in the company, valued at $3,855,953.52. The trade was a 23.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 414,406 shares of company stock valued at $3,913,773. Company insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

PTON has been the subject of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. The Goldman Sachs Group upped their price target on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.38.

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.