Mackenzie Financial Corp Raises Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Mackenzie Financial Corp boosted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 497.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,810 shares of the company's stock after buying an additional 107,264 shares during the quarter. Mackenzie Financial Corp's holdings in Peloton Interactive were worth $1,121,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. boosted its position in shares of Peloton Interactive by 38.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after purchasing an additional 4,635,667 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Peloton Interactive by 245.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock worth $36,782,000 after buying an additional 3,004,757 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of Peloton Interactive by 1,438.9% during the 4th quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company's stock worth $27,049,000 after buying an additional 2,907,023 shares during the period. Renaissance Technologies LLC increased its stake in shares of Peloton Interactive by 59.5% in the 4th quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company's stock valued at $50,753,000 after acquiring an additional 2,176,400 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in 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 acquiring an additional 1,645,640 shares in the last quarter. Institutional investors own 77.01% of the company's stock.

Insider Transactions at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 185,661 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $6.29, for a total transaction of $1,167,807.69. Following the completion of the transaction, the chief financial officer now owns 311,231 shares of the company's stock, valued at approximately $1,957,642.99. The trade was a 37.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dion C. Sanders sold 122,036 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.25, for a total transaction of $762,725.00. Following the completion of the transaction, the insider now directly owns 114,318 shares of the company's stock, valued at approximately $714,487.50. The trade was a 51.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 747,435 shares of company stock valued at $4,761,838 over the last three months. Company insiders own 1.34% of the company's stock.

Peloton Interactive Stock Up 12.2%

PTON traded up $0.81 during trading hours on Wednesday, hitting $7.47. The stock had a trading volume of 28,151,770 shares, compared to its average volume of 15,252,216. Peloton Interactive, Inc. has a 1 year low of $2.83 and a 1 year high of $10.90. The company's fifty day simple moving average is $6.33 and its 200 day simple moving average is $7.72. The stock has a market cap of $2.91 billion, a PE ratio of -9.70 and a beta of 2.25.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Telsey Advisory Group reduced their target price on Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Friday, May 9th. Truist Financial upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 target price on the stock in a report on Monday, April 28th. Citigroup reduced their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Morgan Stanley dropped their price objective on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price for the company in a research report on Monday, April 14th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $8.30.

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.