XTX Topco Ltd Trims Stock Position in Peloton Interactive, Inc. (NASDAQ:PTON)

XTX Topco Ltd cut its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 30.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,761 shares of the company’s stock after selling 12,594 shares during the quarter. XTX Topco Ltd’s holdings in Peloton Interactive were worth $182,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PTON. Townsquare Capital LLC lifted its stake in Peloton Interactive by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock valued at $168,000 after buying an additional 1,172 shares in the last quarter. Comerica Bank raised its holdings in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after acquiring an additional 1,389 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Peloton Interactive by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock valued at $149,000 after acquiring an additional 1,432 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Peloton Interactive by 0.3% during the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company’s stock valued at $3,374,000 after acquiring an additional 1,643 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Peloton Interactive by 4.4% during the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company’s stock valued at $278,000 after acquiring an additional 1,860 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PTON has been the subject of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. The Goldman Sachs Group upgraded shares of Peloton Interactive from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $7.00 to $11.50 in a report on Friday, August 8th. Macquarie raised shares of Peloton Interactive from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $9.00 to $10.00 in a research note on Tuesday, May 13th. Truist Financial set a $11.00 target price on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, UBS Group upgraded Peloton Interactive from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and an average price target of $8.73.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $8.72 on Thursday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -28.13 and a beta of 2.08. Peloton Interactive, Inc. has a 12 month low of $2.83 and a 12 month high of $10.90. The stock’s 50-day moving average is $6.82 and its 200-day moving average is $6.91.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $606.90 million for the quarter, compared to analyst estimates of $580.29 million. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the company posted ($0.08) EPS. Research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insiders Place Their Bets

In related news, insider Dion C. Sanders sold 122,036 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.25, for a total transaction of $762,725.00. Following the completion of the sale, the insider directly owned 114,318 shares of the company’s stock, valued at approximately $714,487.50. This represents a 51.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 185,661 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.29, for a total value of $1,167,807.69. Following the completion of the sale, the chief financial officer owned 311,231 shares of the company’s stock, valued at approximately $1,957,642.99. This represents a 37.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 606,875 shares of company stock worth $3,931,078. 1.34% of the stock is owned by company insiders.

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.