Vanguard Group Inc. Raises Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Vanguard Group Inc. raised its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,339,435 shares of the company’s stock after purchasing an additional 735,658 shares during the quarter. Vanguard Group Inc. owned 8.27% of Peloton Interactive worth $184,767,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Kestra Advisory Services LLC lifted its position in Peloton Interactive by 60.6% in the third quarter. Kestra Advisory Services LLC now owns 18,453 shares of the company’s stock valued at $93,000 after buying an additional 6,965 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Peloton Interactive by 3.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 139,104 shares of the company’s stock worth $702,000 after acquiring an additional 4,410 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter worth approximately $472,000. Gotham Asset Management LLC increased its holdings in Peloton Interactive by 253.4% in the 3rd quarter. Gotham Asset Management LLC now owns 216,487 shares of the company’s stock valued at $1,093,000 after purchasing an additional 155,221 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Peloton Interactive by 612.1% in the third quarter. AQR Capital Management LLC now owns 1,235,350 shares of the company’s stock valued at $6,239,000 after purchasing an additional 1,061,868 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

PTON opened at $3.39 on Wednesday. The business’s 50-day simple moving average is $3.58 and its 200-day simple moving average is $4.40. The company has a market cap of $1.26 billion, a P/E ratio of -1.55 and a beta of 2.02. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $9.87.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The business had revenue of $717.70 million for the quarter, compared to the consensus estimate of $720.85 million. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.79) EPS. As a group, analysts predict that Peloton Interactive, Inc. will post -1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PTON shares. Sanford C. Bernstein lowered Peloton Interactive from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $8.00 to $3.80 in a research report on Friday, May 3rd. Oppenheimer reaffirmed an “outperform” rating on shares of Peloton Interactive in a research report on Tuesday, May 7th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Friday, May 3rd. Finally, Robert W. Baird upped their target price on shares of Peloton Interactive from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.09.

Insider Activity at Peloton Interactive

In related news, insider Andrew S. Rendich sold 27,741 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $3.91, for a total value of $108,467.31. Following the completion of the sale, the insider now directly owns 113,288 shares of the company’s stock, valued at $442,956.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Peloton Interactive news, insider Andrew S. Rendich sold 27,741 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $3.91, for a total value of $108,467.31. Following the completion of the sale, the insider now owns 113,288 shares in the company, valued at $442,956.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Karen Boone sold 14,841 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the transaction, the chief executive officer now owns 116,171 shares in the company, valued at $384,526.01. The disclosure for this sale can be found here. Insiders have sold 66,441 shares of company stock valued at $244,496 in the last ninety days. Insiders own 3.28% of the company’s stock.

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.