Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 88.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,355 shares of the company's stock after selling 309,215 shares during the quarter. XTX Topco Ltd's holdings in Peloton Interactive were worth $360,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in Peloton Interactive during the 4th quarter valued at about $28,000. Russell Investments Group Ltd. increased its holdings in shares of Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after buying an additional 3,636 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Peloton Interactive in the third quarter valued at about $58,000. SBI Securities Co. Ltd. acquired a new position in Peloton Interactive in the 4th quarter valued at about $69,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Peloton Interactive during the 4th quarter worth approximately $72,000. Institutional investors own 77.01% of the company's stock.

Peloton Interactive Trading Up 1.9 %

Shares of NASDAQ:PTON traded up $0.13 on Tuesday, hitting $6.73. The company had a trading volume of 1,799,793 shares, compared to its average volume of 16,030,452. The stock has a 50 day moving average price of $6.41 and a 200 day moving average price of $7.74. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -8.71 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly 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). Sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PTON has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Truist Financial raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 target price on the stock in a research report on Monday. Telsey Advisory Group reiterated a "market perform" rating and issued a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. Finally, Bank of America lowered their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Fourteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Peloton Interactive has an average rating of "Hold" and an average price target of $8.59.

Insider Transactions at Peloton Interactive

In other news, insider Andrew S. Rendich sold 121,883 shares of the firm'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 sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares in the company, valued at approximately $646,735.05. The trade was a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 674,338 shares of company stock valued at $5,522,838. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Company 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.