Harvest Fund Management Co. Ltd Has $234,000 Stock Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Harvest Fund Management Co. Ltd boosted its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 107,776.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,969 shares of the company’s stock after acquiring an additional 26,944 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Peloton Interactive were worth $234,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PTON. R Squared Ltd bought a new stake in Peloton Interactive in the 4th quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after acquiring an additional 1,597 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Peloton Interactive in the 3rd quarter valued at $58,000. SBI Securities Co. Ltd. bought a new stake in Peloton Interactive in the 4th quarter valued at $69,000. Finally, GM Advisory Group LLC bought a new stake in Peloton Interactive in the 3rd quarter valued at $70,000. 77.01% of the stock is owned by institutional investors.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, Director Karen Boone sold 17,259 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the transaction, the director now owns 244,641 shares in the company, valued at $2,111,251.83. This represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 691,597 shares of company stock worth $5,671,783. Insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

PTON has been the topic of several research reports. Macquarie reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. 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 reissued a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. Citigroup cut their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average price target of $8.69.

Peloton Interactive Stock Performance

Shares of PTON opened at $6.96 on Friday. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The firm has a market cap of $2.71 billion, a P/E ratio of -9.04 and a beta of 1.95. The firm’s 50-day simple moving average is $7.90 and its 200 day simple moving average is $7.50.

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

Peloton Interactive Company 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.