Hsbc Holdings PLC Has $363,000 Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Hsbc Holdings PLC reduced its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 57.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,970 shares of the company's stock after selling 54,513 shares during the quarter. Hsbc Holdings PLC's holdings in Peloton Interactive were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Townsquare Capital LLC boosted its stake in shares of Peloton Interactive by 6.5% during the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock worth $168,000 after acquiring an additional 1,172 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Peloton Interactive by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock valued at $366,000 after acquiring an additional 1,534 shares during the last quarter. Choreo LLC lifted its stake in shares of Peloton Interactive by 12.3% in the 4th quarter. Choreo LLC now owns 16,832 shares of the company's stock valued at $150,000 after purchasing an additional 1,838 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its holdings 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 last quarter. Finally, Jones Financial Companies Lllp lifted its stake 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 worth $83,000 after buying an additional 2,403 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Insider Activity

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 170,819 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were 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 trade represents a 38.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive 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 sale, 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. Over the last quarter, insiders sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PTON has been the topic of a number of research reports. Morgan Stanley lowered their price objective on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Macquarie restated a "neutral" rating and set a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Friday. JPMorgan Chase & Co. reduced their price target on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their price objective on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a report on Friday. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Peloton Interactive presently has an average rating of "Hold" and an average target price of $8.30.

Peloton Interactive Stock Performance

Peloton Interactive stock traded up $0.48 during midday trading on Monday, reaching $6.64. The company's stock had a trading volume of 19,301,650 shares, compared to its average volume of 15,625,830. The stock's 50 day simple moving average is $6.20 and its 200 day simple moving average is $7.82. Peloton Interactive, Inc. has a fifty-two week low of $2.83 and a fifty-two week high of $10.90. The firm has a market capitalization of $2.59 billion, a PE ratio of -8.62 and a beta of 2.25.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The firm had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. During the same period in the prior year, the company posted ($0.45) earnings per share. Peloton Interactive's revenue was down 13.1% on a year-over-year basis. Equities analysts predict 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.