BNP Paribas Financial Markets Takes $10.13 Million Position in Peloton Interactive, Inc. (NASDAQ:PTON)

BNP Paribas Financial Markets acquired a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,164,540 shares of the company's stock, valued at approximately $10,131,000. BNP Paribas Financial Markets owned 0.31% of Peloton Interactive as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Peloton Interactive by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock worth $305,020,000 after buying an additional 1,645,640 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Peloton Interactive by 38.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock worth $146,337,000 after buying an additional 4,635,667 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Peloton Interactive during the fourth quarter worth approximately $85,260,000. Geode Capital Management LLC grew its position in shares of Peloton Interactive by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock worth $71,969,000 after buying an additional 170,901 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Peloton Interactive by 59.5% during the fourth quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company's stock worth $50,753,000 after buying an additional 2,176,400 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Activity at Peloton Interactive

In related news, insider Andrew S. Rendich sold 17,401 shares of Peloton Interactive stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $8.18, for a total transaction of $142,340.18. Following the sale, the insider now directly owns 362,573 shares in the company, valued at $2,965,847.14. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of Peloton Interactive stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the sale, the insider now owns 100,269 shares in the company, valued at approximately $646,735.05. This represents a 65.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock worth $5,522,838 over the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

Peloton Interactive Stock Performance

PTON stock opened at $6.16 on Monday. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -8.00 and a beta of 2.25. Peloton Interactive, Inc. has a 1 year low of $2.83 and a 1 year high of $10.90. The stock's fifty day moving average is $6.20 and its two-hundred day moving average is $7.82.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million during the quarter, compared to the consensus estimate of $620.39 million. During the same quarter last year, the firm earned ($0.45) EPS. The business's revenue was down 13.1% compared to the same quarter last year. As a group, analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PTON has been the subject of a number of recent analyst reports. Bank of America decreased their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Tuesday, February 11th. Morgan Stanley decreased their price objective on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a report on Friday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Peloton Interactive currently has an average rating of "Hold" and a consensus price target of $8.30.

About Peloton Interactive

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.

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