Skandinaviska Enskilda Banken AB publ Buys 39,740 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 11.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 375,736 shares of the company’s stock after acquiring an additional 39,740 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Peloton Interactive were worth $1,264,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PTON. Capital World Investors lifted its position in shares of Peloton Interactive by 17.6% during the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after acquiring an additional 3,925,000 shares during the period. DNB Asset Management AS lifted its position in shares of Peloton Interactive by 42.4% during the 2nd quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock valued at $40,880,000 after acquiring an additional 3,611,069 shares during the period. Norges Bank bought a new stake in shares of Peloton Interactive during the 4th quarter valued at $20,824,000. Patient Capital Management LLC lifted its position in shares of Peloton Interactive by 32.7% during the 4th quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock valued at $37,735,000 after acquiring an additional 1,527,471 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Peloton Interactive during the 1st quarter worth $5,877,000. 77.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wolfe Research assumed coverage on Peloton Interactive in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Sanford C. Bernstein boosted their price target on Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Robert W. Baird boosted their price target on Peloton Interactive from $4.00 to $4.75 and gave the stock a “neutral” rating in a report on Monday, August 26th. JPMorgan Chase & Co. cut Peloton Interactive from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $5.00 in a report on Friday, August 23rd. Finally, Morgan Stanley boosted their price target on Peloton Interactive from $2.50 to $3.50 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus target price of $4.57.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the sale, the chief executive officer now directly owns 97,433 shares of the company’s stock, valued at $333,220.86. The disclosure for this sale can be found here. Insiders have sold a total of 172,857 shares of company stock worth $771,710 in the last 90 days. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $4.74 on Tuesday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $7.24. The stock’s 50-day moving average is $3.93 and its 200 day moving average is $3.79. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -2.25 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.10. The business had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. During the same quarter in the previous year, the company earned ($0.68) EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts expect that Peloton Interactive, Inc. will post -0.65 EPS for the current fiscal 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.