Amundi Grows Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Amundi boosted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 552,651 shares of the company’s stock after purchasing an additional 35,928 shares during the period. Amundi owned approximately 0.14% of Peloton Interactive worth $4,769,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Peloton Interactive in the 3rd quarter valued at about $5,724,000. Gtcr LLC purchased a new position in shares of Peloton Interactive in the 3rd quarter valued at approximately $65,520,000. Two Sigma Advisers LP increased its holdings in shares of Peloton Interactive by 2.9% in the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after purchasing an additional 206,500 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Peloton Interactive during the fourth quarter worth approximately $360,000. Finally, Rhumbline Advisers lifted its holdings in shares of Peloton Interactive by 7.8% during the fourth quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock worth $4,168,000 after purchasing an additional 34,514 shares during the period. 77.01% of the stock is 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 Peloton Interactive stock in a transaction 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 transaction, the insider now owns 404,188 shares in the company, valued at $3,855,953.52. This trade represents a 23.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the company’s stock in a transaction 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 sale, the insider now owns 100,269 shares of the company’s stock, 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. Insiders have sold 584,719 shares of company stock worth $4,958,301 over the last quarter. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Trading Up 16.1 %

Shares of PTON stock opened at $7.05 on Friday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -9.16 and a beta of 1.95. The firm has a 50-day moving average price of $8.12 and a 200 day moving average price of $7.43. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup reduced their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. 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 research report on Friday. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, February 11th. Finally, Macquarie reissued a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.69.

About Peloton Interactive

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.