Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 75.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,342 shares of the company’s stock after selling 201,562 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Peloton Interactive were worth $585,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PTON. PDT Partners LLC boosted its stake in shares of 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 acquiring an additional 1,373 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Peloton Interactive by 3.8% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake 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 worth $31,000 after purchasing an additional 1,597 shares during the last quarter. Choreo LLC grew its holdings in shares of Peloton Interactive by 12.3% during the fourth quarter. Choreo LLC now owns 16,832 shares of the company’s stock worth $150,000 after buying an additional 1,838 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of 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 buying an additional 2,403 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 121,883 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 404,188 shares of the company’s stock, valued at $3,855,953.52. This trade represents a 23.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elizabeth F. Coddington sold 170,819 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the sale, the chief financial officer now directly owns 275,212 shares in the company, valued at $2,647,539.44. This represents a 38.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 622,870 shares of company stock valued at $5,218,872. 1.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. The Goldman Sachs Group boosted their price objective on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a research note on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.69.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $6.59 on Tuesday. The firm has a 50 day moving average price of $8.07 and a 200 day moving average price of $7.46. 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 capitalization of $2.57 billion, a PE ratio of -8.56 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 (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Peloton Interactive 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.