Hsbc Holdings PLC Buys 90,894 Shares of Peloton Interactive, Inc. $PTON

Hsbc Holdings PLC raised its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 246.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,825 shares of the company’s stock after purchasing an additional 90,894 shares during the quarter. Hsbc Holdings PLC’s holdings in Peloton Interactive were worth $555,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sankala Group LLC purchased a new stake in shares of Peloton Interactive in the 4th quarter worth about $31,000. Advisory Services Network LLC purchased a new position in shares of Peloton Interactive during the third quarter valued at about $48,000. Quarry LP purchased a new position in shares of Peloton Interactive during the third quarter valued at about $71,000. Cora Capital Advisors LLC bought a new position in Peloton Interactive in the first quarter worth about $43,000. Finally, Evolve Private Wealth LLC bought a new position in Peloton Interactive in the fourth quarter worth about $62,000. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on PTON shares. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. The Goldman Sachs Group raised their target price on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.94.

Insider Buying and Selling

In other news, insider Dion C. Sanders sold 112,523 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 29,075 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $5.27, for a total value of $153,225.25. Following the completion of the sale, the chief financial officer directly owned 250,019 shares in the company, valued at approximately $1,317,600.13. This represents a 10.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 160,769 shares of company stock valued at $844,525 in the last ninety days. Insiders own 1.30% of the company’s stock.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $6.39 on Friday. The company has a 50-day moving average of $5.96 and a 200 day moving average of $5.24. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 159.79, a PEG ratio of 0.47 and a beta of 2.52. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.During the same quarter in the prior year, the business posted ($0.12) EPS. Peloton Interactive’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Peloton Interactive, Inc. will post 0.13 EPS for the current year.

Peloton Interactive Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.