Headlands Technologies LLC lifted its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 382.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,577 shares of the company's stock after purchasing an additional 291,381 shares during the period. Headlands Technologies LLC owned 0.08% of Peloton Interactive worth $2,172,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of PTON. Vanguard Group Inc. lifted its position in shares of Peloton Interactive by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company's stock valued at $241,642,000 after buying an additional 591,300 shares in the last quarter. Eminence Capital LP lifted its holdings in Peloton Interactive by 20.3% during the fourth quarter. Eminence Capital LP now owns 18,154,907 shares of the company's stock valued at $111,834,000 after purchasing an additional 3,069,497 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Peloton Interactive by 142.4% in the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company's stock worth $66,384,000 after purchasing an additional 6,331,510 shares during the period. Geode Capital Management LLC boosted its position in shares of Peloton Interactive by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company's stock worth $60,015,000 after purchasing an additional 369,614 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company's stock worth $44,598,000 after purchasing an additional 1,503,680 shares in the last quarter. 77.01% of the stock is owned by institutional investors.
Insider Buying and Selling at Peloton Interactive
In other Peloton Interactive news, Director Karen Boone sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.35, for a total transaction of $133,750.00. Following the completion of the transaction, the director owned 236,063 shares in the company, valued at $1,262,937.05. This trade represents a 9.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Saqib Baig sold 36,439 shares of Peloton Interactive stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.36, for a total value of $195,313.04. Following the completion of the sale, the chief accounting officer directly owned 272,641 shares in the company, valued at approximately $1,461,355.76. The trade was a 11.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 187,061 shares of company stock worth $1,018,079 in the last quarter. 1.30% of the stock is owned by corporate insiders.
Peloton Interactive Price Performance
Shares of PTON stock opened at $5.45 on Monday. The company's fifty day simple moving average is $5.86 and its two-hundred day simple moving average is $5.21. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $9.20. The stock has a market cap of $2.39 billion, a P/E ratio of 45.42, a PEG ratio of 0.48 and a beta of 2.52.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $607.70 million during the quarter, compared to analyst estimates of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. On average, analysts anticipate that Peloton Interactive, Inc. will post 0.28 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Peloton Interactive from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Telsey Advisory Group restated a "market perform" rating on shares of Peloton Interactive in a research report on Monday, August 3rd. UBS Group reaffirmed a "buy" rating on shares of Peloton Interactive in a research note on Monday, June 15th. Wall Street Zen upgraded Peloton Interactive from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Peloton Interactive in a research note on Friday, August 21st. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and a consensus target price of $7.94.
Read Our Latest Stock Analysis on Peloton Interactive
Peloton Interactive Company Profile
(
Free Report)
Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company's core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.
Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.
Further Reading
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