Mackenzie Financial Corp Acquires 107,264 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Mackenzie Financial Corp raised its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 497.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PTON. Vanguard Group Inc. increased its stake in shares of Peloton Interactive by 4.9% in 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 during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Peloton Interactive by 38.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock worth $146,337,000 after purchasing an additional 4,635,667 shares during the last quarter. DME Capital Management LP increased its position in Peloton Interactive by 10.4% in the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after purchasing an additional 992,797 shares during the last quarter. Geode Capital Management LLC increased its position in Peloton Interactive by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock worth $71,969,000 after purchasing an additional 170,901 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in Peloton Interactive by 1.5% in the 4th quarter. Two Sigma Advisers LP now owns 7,551,800 shares of the company's stock worth $65,701,000 after purchasing an additional 110,900 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Dion C. Sanders sold 122,036 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 114,318 shares in the company, valued at approximately $714,487.50. This trade represents a 51.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Elizabeth F. Coddington sold 38,151 shares of Peloton Interactive stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $6.83, for a total transaction of $260,571.33. Following the completion of the transaction, the chief financial officer now directly owns 258,880 shares in the company, valued at approximately $1,768,150.40. The trade was a 12.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 747,435 shares of company stock worth $4,761,838. Company insiders own 1.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PTON shares. Canaccord Genuity Group upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a report on Friday, March 14th. Morgan Stanley dropped their price target 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. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a research report on Monday, April 14th. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research report on Tuesday, February 11th. Finally, Truist Financial raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price objective on the stock in a report on Monday, April 28th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $8.30.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON traded up $0.09 on Tuesday, hitting $6.69. The stock had a trading volume of 9,462,113 shares, compared to its average volume of 14,509,872. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -8.69 and a beta of 2.25. Peloton Interactive, Inc. has a twelve month low of $2.83 and a twelve month high of $10.90. The firm's 50 day moving average price is $6.31 and its 200-day moving average price is $7.73.

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

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.