Peloton Interactive, Inc. (NASDAQ:PTON) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 11.8% in the fourth quarter, Holdings Channel reports. The fund owned 447,676 shares of the company’s stock after buying an additional 47,293 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Peloton Interactive were worth $2,726,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Syon Capital LLC acquired a new stake in Peloton Interactive in the 4th quarter valued at about $122,000. Daiwa Securities Group Inc. acquired a new stake in Peloton Interactive in the 4th quarter valued at about $285,000. Rakuten Securities Inc. acquired a new stake in Peloton Interactive in the 4th quarter valued at about $47,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Peloton Interactive by 18.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,585 shares of the company’s stock worth $369,000 after buying an additional 9,535 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in shares of Peloton Interactive by 34.0% during the 4th quarter. Perigon Wealth Management LLC now owns 28,623 shares of the company’s stock worth $174,000 after buying an additional 7,260 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Transactions at Peloton Interactive

In other news, Director Karen Boone sold 50,000 shares of Peloton Interactive stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the completion of the sale, the director now directly owns 34,966 shares of the company’s stock, valued at approximately $151,402.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at approximately $453,217.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Boone sold 50,000 shares of Peloton Interactive stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total transaction of $216,500.00. Following the sale, the director now owns 34,966 shares in the company, valued at $151,402.78. The disclosure for this sale can be found here. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Price Performance

Shares of PTON stock opened at $3.11 on Wednesday. The firm has a 50 day moving average of $3.99 and a two-hundred day moving average of $4.91. Peloton Interactive, Inc. has a 52 week low of $2.91 and a 52 week high of $9.87.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.01. The firm had revenue of $743.60 million for the quarter, compared to analysts’ expectations of $733.17 million. Peloton Interactive’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the firm posted ($0.98) earnings per share. As a group, analysts anticipate that Peloton Interactive, Inc. will post -1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

PTON has been the subject of a number of recent analyst reports. Bank of America cut their price target on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating for the company in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. Morgan Stanley began coverage on shares of Peloton Interactive in a report on Monday, March 11th. They set an “equal weight” rating and a $3.00 price target for the company. Truist Financial lowered their price objective on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group lowered their price objective on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.40.

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.