Alliancebernstein L.P. Buys 12,776 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Alliancebernstein L.P. boosted its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 3.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 411,930 shares of the company’s stock after acquiring an additional 12,776 shares during the period. Alliancebernstein L.P.’s holdings in Peloton Interactive were worth $3,584,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI raised its position in Peloton Interactive by 647.5% in the 3rd quarter. National Bank of Canada FI now owns 28,749 shares of the company’s stock valued at $135,000 after buying an additional 24,903 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Peloton Interactive in the third quarter valued at approximately $58,000. Franklin Resources Inc. bought a new stake in shares of Peloton Interactive in the third quarter worth $505,000. Everence Capital Management Inc. acquired a new position in Peloton Interactive during the fourth quarter worth $125,000. Finally, Assenagon Asset Management S.A. bought a new position in Peloton Interactive in the fourth quarter valued at $39,992,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Activity at Peloton Interactive

In related news, CAO Saqib Baig sold 22,662 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at $1,267,802.25. This represents a 14.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nick V. Caldwell sold 68,727 shares of Peloton Interactive stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the transaction, the insider now owns 474,234 shares in the company, valued at approximately $3,125,202.06. This represents a 12.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 674,338 shares of company stock valued at $5,522,838 over the last three months. 1.34% of the stock is owned by insiders.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $5.70 on Tuesday. The stock has a market capitalization of $2.22 billion, a P/E ratio of -7.40 and a beta of 2.21. The stock’s fifty day moving average is $7.09 and its 200 day moving average is $7.66. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

PTON has been the topic of several analyst reports. Canaccord Genuity Group raised 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. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Monday. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, February 11th. Citigroup dropped their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Fifteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.56.

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.