AQR Capital Management LLC Acquires 1,061,868 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

AQR Capital Management LLC boosted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTONFree Report) by 612.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,235,350 shares of the company’s stock after acquiring an additional 1,061,868 shares during the quarter. AQR Capital Management LLC owned 0.34% of Peloton Interactive worth $6,239,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Peloton Interactive by 25.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,455,871 shares of the company’s stock valued at $384,740,000 after purchasing an additional 9,691,287 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Peloton Interactive by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 25,768,977 shares of the company’s stock valued at $680,816,000 after purchasing an additional 851,812 shares during the last quarter. Dragoneer Investment Group LLC boosted its stake in shares of Peloton Interactive by 51.0% in the 2nd quarter. Dragoneer Investment Group LLC now owns 14,344,188 shares of the company’s stock valued at $110,307,000 after purchasing an additional 4,847,696 shares during the last quarter. Capital World Investors boosted its stake in Peloton Interactive by 16.2% during the first quarter. Capital World Investors now owns 10,124,402 shares of the company’s stock worth $267,487,000 after acquiring an additional 1,411,171 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Peloton Interactive by 34.7% during the first quarter. Two Sigma Investments LP now owns 6,542,455 shares of the company’s stock worth $74,191,000 after acquiring an additional 1,685,030 shares in the last quarter. 79.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Telsey Advisory Group cut their target price on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Friday, February 2nd. Truist Financial cut their target price on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut their target price on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group cut their target price on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive currently has an average rating of “Hold” and an average target price of $7.73.

Read Our Latest Report on PTON

Peloton Interactive Price Performance

Shares of PTON stock opened at $4.68 on Monday. The firm has a 50-day moving average of $5.13 and a 200-day moving average of $5.30. The company has a market cap of $1.72 billion, a P/E ratio of -1.91 and a beta of 1.97. Peloton Interactive, Inc. has a one year low of $3.96 and a one year high of $13.64.

Peloton Interactive (NASDAQ:PTONGet Free Report) last announced its earnings results on Thursday, February 1st. The company reported ($0.54) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.01. The firm had revenue of $743.60 million during the quarter, compared to analysts’ expectations of $733.17 million. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.98) EPS. As a group, research analysts expect that Peloton Interactive, Inc. will post -1.58 earnings per share for the current fiscal year.

Insider Activity at Peloton Interactive

In related news, Director Karen Boone sold 50,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the completion of the transaction, the director now owns 34,966 shares in the company, valued at $151,402.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.28% of the stock is owned by company insiders.

Peloton Interactive Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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