Y Intercept Hong Kong Ltd Has $6.16 Million Stock Holdings in Peloton Interactive, Inc. $PTON

Y Intercept Hong Kong Ltd boosted its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 23.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 683,992 shares of the company’s stock after acquiring an additional 128,200 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.17% of Peloton Interactive worth $6,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PTON. Eminence Capital LP bought a new position in shares of Peloton Interactive in the 2nd quarter valued at $112,681,000. DNB Asset Management AS raised its stake in Peloton Interactive by 592.6% during the second quarter. DNB Asset Management AS now owns 3,711,752 shares of the company’s stock worth $25,760,000 after acquiring an additional 3,175,861 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Peloton Interactive in the 3rd quarter valued at approximately $17,387,000. Aperture Investors LLC grew its holdings in shares of Peloton Interactive by 184.7% during the 2nd quarter. Aperture Investors LLC now owns 2,376,169 shares of the company’s stock valued at $16,491,000 after purchasing an additional 1,541,536 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Peloton Interactive by 27.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after purchasing an additional 1,503,680 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 21,820 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $6.31, for a total value of $137,684.20. Following the transaction, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at approximately $2,186,635.85. The trade was a 5.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nick V. Caldwell sold 25,135 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $7.00, for a total transaction of $175,945.00. Following the sale, the insider directly owned 739,085 shares of the company’s stock, valued at approximately $5,173,595. This trade represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,107,129 shares of company stock valued at $7,708,694 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Peloton Interactive Stock Down 0.2%

PTON stock opened at $5.80 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of -20.71, a PEG ratio of 1.75 and a beta of 2.40. The company’s fifty day simple moving average is $6.44 and its 200 day simple moving average is $7.15. Peloton Interactive, Inc. has a 12-month low of $4.63 and a 12-month high of $10.25.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $550.80 million for the quarter, compared to analyst estimates of $540.61 million. The company’s quarterly revenue was down 6.0% on a year-over-year basis. Research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Telsey Advisory Group restated a “market perform” rating and set a $9.00 price target on shares of Peloton Interactive in a report on Monday, November 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $11.50 price target on shares of Peloton Interactive in a research report on Thursday, October 2nd. Morgan Stanley lifted their price target on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a report on Wednesday, November 19th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $10.00 price objective on shares of Peloton Interactive in a report on Thursday, October 2nd. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and a consensus price target of $9.86.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.