Alliancebernstein L.P. Has $3.58 Million Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Alliancebernstein L.P. raised its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 411,930 shares of the company’s stock after buying an additional 12,776 shares during the quarter. Alliancebernstein L.P. owned 0.11% of Peloton Interactive worth $3,584,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Peloton Interactive in the fourth quarter valued at about $28,000. Sanctuary Advisors LLC bought a new stake in shares of Peloton Interactive in the 3rd quarter valued at approximately $58,000. SBI Securities Co. Ltd. acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $69,000. C M Bidwell & Associates Ltd. bought a new position in shares of Peloton Interactive during the 4th quarter worth approximately $72,000. Finally, Jones Financial Companies Lllp boosted its stake in Peloton Interactive by 33.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after buying an additional 2,403 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $5.70 on Tuesday. The firm’s 50 day moving average price is $7.09 and its two-hundred day moving average price is $7.66. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The stock has a market cap of $2.22 billion, a PE ratio of -7.40 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON) last posted 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). As a group, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PTON has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, February 11th. Canaccord Genuity Group upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, March 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Fifteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.56.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is currently owned by company insiders.

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.