Alyeska Investment Group L.P. Acquires New Holdings in Peloton Interactive, Inc. $PTON

Key Points

• Alyeska Investment Group L.P. acquired 750,000 shares of Peloton Interactive, amounting to approximately $4.74 million, indicating investor confidence in the company's future prospects.
• Multiple large investors, including PDT Partners LLC and Royal Bank of Canada, significantly increased their holdings in Peloton, bolstering institutional ownership to 77.01% of the company's stock.
• Analysts have raised Peloton's price targets, with Goldman Sachs and UBS both upgrading their ratings to "buy", and setting new price targets ranging from $11.00 to $11.50.

Alyeska Investment Group L.P. acquired a new position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 750,000 shares of the company's stock, valued at approximately $4,740,000. Alyeska Investment Group L.P. owned approximately 0.19% of Peloton Interactive as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PTON. Comerica Bank boosted its stake in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after purchasing an additional 1,389 shares during the period. Cetera Investment Advisers boosted its stake in shares of Peloton Interactive by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after purchasing an additional 1,432 shares during the period. Federated Hermes Inc. boosted its stake in shares of Peloton Interactive by 0.3% in the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after purchasing an additional 1,643 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Peloton Interactive by 4.4% in the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock valued at $278,000 after purchasing an additional 1,860 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Peloton Interactive by 40.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after acquiring an additional 1,864 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PTON shares. Truist Financial set a $11.00 price objective on shares of Peloton Interactive in a research note on Thursday, August 7th. Morgan Stanley increased their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Macquarie increased their price objective on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $8.00 price objective on shares of Peloton Interactive in a research note on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9.29.

Insider Transactions at Peloton Interactive

In related news, COO Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $8.00, for a total value of $71,752.00. Following the sale, the chief operating officer directly owned 23,321 shares in the company, valued at $186,568. This trade represents a 27.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 134,476 shares of Peloton Interactive stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $7.61, for a total transaction of $1,023,362.36. Following the completion of the sale, the insider owned 100,269 shares in the company, valued at approximately $763,047.09. This represents a 57.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,000,913 shares of company stock worth $7,976,409 over the last 90 days. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Stock Up 1.0%

Shares of NASDAQ:PTON traded up $0.08 on Monday, reaching $8.10. 9,809,720 shares of the company's stock were exchanged, compared to its average volume of 10,673,751. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -26.13 and a beta of 2.07. Peloton Interactive, Inc. has a fifty-two week low of $4.19 and a fifty-two week high of $10.90. The business's 50-day moving average is $7.19 and its two-hundred day moving average is $6.79.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The business had revenue of $606.90 million for the quarter, compared to analyst estimates of $580.29 million. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the company posted ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. Analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share 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.