Lindbrook Capital LLC Sells 4,439 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Lindbrook Capital LLC reduced its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 57.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,306 shares of the company’s stock after selling 4,439 shares during the quarter. Lindbrook Capital LLC’s holdings in Peloton Interactive were worth $29,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PTON. Raymond James Financial Inc. bought a new position in Peloton Interactive during the 4th quarter valued at $1,158,000. Victory Capital Management Inc. lifted its stake in Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after acquiring an additional 1,534 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Peloton Interactive by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock valued at $35,985,000 after acquiring an additional 139,826 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Peloton Interactive during the 4th quarter worth $69,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Peloton Interactive by 33.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock worth $83,000 after purchasing an additional 2,403 shares during the period. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PTON shares. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Citigroup lowered their target price 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. Macquarie reissued a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.38.

Insider Buying and Selling

In related news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 404,188 shares in the company, valued at $3,855,953.52. The trade was a 23.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 100,269 shares of the company’s stock, valued at $646,735.05. The trade was a 65.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 584,719 shares of company stock worth $4,958,301 in the last quarter. 1.34% of the stock is owned by insiders.

Peloton Interactive Trading Down 1.9 %

Shares of PTON opened at $6.21 on Friday. The company has a market cap of $2.42 billion, a PE ratio of -8.06 and a beta of 1.95. The stock has a 50-day moving average price of $8.39 and a 200-day moving average price of $7.37. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Peloton Interactive 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.