Hsbc Holdings PLC Has $383,000 Position in Peloton Interactive, Inc. $PTON

Hsbc Holdings PLC increased its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 47.2% in the 1st quarter, Holdings Channel reports. The firm owned 60,295 shares of the company’s stock after purchasing an additional 19,325 shares during the period. Hsbc Holdings PLC’s holdings in Peloton Interactive were worth $383,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PTON. Nuveen LLC acquired a new stake in Peloton Interactive in the 1st quarter worth approximately $23,239,000. Voloridge Investment Management LLC lifted its holdings in Peloton Interactive by 1,438.9% in the 4th quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company’s stock worth $27,049,000 after purchasing an additional 2,907,023 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Peloton Interactive by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company’s stock worth $235,399,000 after purchasing an additional 2,186,862 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Peloton Interactive by 37.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,831,180 shares of the company’s stock worth $36,853,000 after purchasing an additional 1,603,326 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Peloton Interactive in the 4th quarter worth approximately $10,131,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Peloton Interactive

In other news, insider Nick V. Caldwell sold 10,477 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $8.00, for a total transaction of $83,816.00. Following the sale, the insider directly owned 590,284 shares in the company, valued at approximately $4,722,272. The trade was a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Saqib Baig sold 21,736 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $7.62, for a total value of $165,628.32. Following the sale, the chief accounting officer owned 155,284 shares in the company, valued at approximately $1,183,264.08. This represents a 12.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 991,944 shares of company stock valued at $7,904,657 in the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group upgraded Peloton Interactive from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. Truist Financial set a $11.00 price target on Peloton Interactive in a report on Thursday, August 7th. Morgan Stanley upped their price target on Peloton Interactive from $4.00 to $5.75 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Telsey Advisory Group reiterated a “market perform” rating and set a $8.00 price target on shares of Peloton Interactive in a report on Thursday, August 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 7th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Peloton Interactive has a consensus rating of “Hold” and an average target price of $9.29.

Peloton Interactive Trading Down 3.2%

PTON opened at $7.36 on Wednesday. The stock has a market cap of $3.00 billion, a PE ratio of -23.74 and a beta of 2.07. Peloton Interactive, Inc. has a 1 year low of $4.19 and a 1 year high of $10.90. The stock’s 50 day simple moving average is $7.09 and its 200-day simple moving average is $6.84.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $606.90 million for the quarter, compared to the consensus estimate of $580.29 million. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. Equities analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

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.