Greenwoods Asset Management Hong Kong Ltd. Cuts Stock Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Greenwoods Asset Management Hong Kong Ltd. cut its holdings in Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,090 shares of the company’s stock after selling 27,250 shares during the quarter. Peloton Interactive accounts for approximately 0.2% of Greenwoods Asset Management Hong Kong Ltd.’s investment portfolio, making the stock its 26th largest position. Greenwoods Asset Management Hong Kong Ltd.’s holdings in Peloton Interactive were worth $5,117,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Masso Torrence Wealth Management Inc. purchased a new position in shares of Peloton Interactive in the fourth quarter valued at $26,000. ICICI Prudential Asset Management Co Ltd purchased a new position in shares of Peloton Interactive in the fourth quarter valued at $27,000. Mine & Arao Wealth Creation & Management LLC. purchased a new position in shares of Peloton Interactive in the fourth quarter valued at $28,000. Psagot Value Holdings Ltd. purchased a new position in Peloton Interactive during the third quarter worth $30,000. Finally, GraniteShares Advisors LLC purchased a new position in Peloton Interactive during the fourth quarter worth $47,000. 82.42% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Allen J. Klingsick sold 2,059 shares of the company’s stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $31.89, for a total transaction of $65,661.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Lynch sold 6,250 shares of the stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $32.49, for a total value of $203,062.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,768 shares of company stock worth $347,387. Insiders own 13.18% of the company’s stock.

Peloton Interactive stock traded down $0.60 during mid-day trading on Tuesday, hitting $14.88. The company had a trading volume of 1,084,920 shares, compared to its average volume of 15,530,899. The company has a current ratio of 2.49, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. Peloton Interactive, Inc. has a 12-month low of $11.25 and a 12-month high of $129.70. The company’s fifty day moving average is $22.33 and its 200-day moving average is $32.76. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of -2.60 and a beta of 1.26.

Peloton Interactive (NASDAQ:PTON – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($2.27) EPS for the quarter, missing the consensus estimate of ($0.83) by ($1.44). Peloton Interactive had a negative return on equity of 78.79% and a negative net margin of 49.10%. The company had revenue of $964.30 million during the quarter, compared to analysts’ expectations of $969.81 million. During the same quarter in the prior year, the company posted ($0.03) EPS. The company’s revenue for the quarter was down 23.6% on a year-over-year basis. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post -4.85 EPS for the current fiscal year.

Several research analysts have commented on the stock. Cowen lifted their price objective on shares of Peloton Interactive from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 9th. Credit Suisse Group lowered their target price on shares of Peloton Interactive from $28.00 to $11.00 in a research note on Wednesday, May 11th. JMP Securities raised shares of Peloton Interactive from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research note on Wednesday, May 11th. Bank of America boosted their target price on shares of Peloton Interactive from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, February 9th. Finally, BMO Capital Markets decreased their price objective on Peloton Interactive from $24.00 to $12.00 in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.81.

Peloton Interactive Profile (Get Rating)

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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