Skandinaviska Enskilda Banken AB publ Sells 201,562 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Skandinaviska Enskilda Banken AB publ lowered its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 75.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 hedge funds have also recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in Peloton Interactive in the third quarter worth approximately $212,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Peloton Interactive in the 3rd quarter worth $5,724,000. Intech Investment Management LLC purchased a new stake in shares of Peloton Interactive during the 3rd quarter worth $327,000. Landscape Capital Management L.L.C. bought a new stake in Peloton Interactive during the third quarter valued at about $981,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Peloton Interactive by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company’s stock valued at $18,703,000 after purchasing an additional 291,946 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on PTON shares. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. The Goldman Sachs Group raised their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, February 11th. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.69.

Peloton Interactive Trading Down 6.5 %

Shares of PTON stock opened at $6.59 on Tuesday. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The stock has a market cap of $2.57 billion, a P/E ratio of -8.56 and a beta of 1.95. The stock has a 50 day moving average of $8.07 and a 200 day moving average of $7.46.

Peloton Interactive (NASDAQ:PTON) last posted 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). On average, research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 47,457 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $9.11, for a total value of $432,333.27. Following the sale, the insider now directly owns 287,507 shares of the company’s stock, valued at approximately $2,619,188.77. This trade represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew S. Rendich sold 121,883 shares of the company’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 transaction, the insider now directly owns 404,188 shares of the company’s stock, valued at approximately $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 622,870 shares of company stock valued at $5,218,872. Corporate insiders own 1.34% of the company’s stock.

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.