UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Peloton Interactive, Inc. (NASDAQ:PTON)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 598,087 shares of the company's stock after buying an additional 100,299 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Peloton Interactive worth $5,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew 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 valued at $305,020,000 after buying an additional 1,645,640 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Peloton Interactive by 38.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after buying an additional 4,635,667 shares in the last quarter. DME Capital Management LP grew its stake in shares of Peloton Interactive by 10.4% in the fourth quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock valued at $91,547,000 after buying an additional 992,797 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Peloton Interactive by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock valued at $71,969,000 after buying an additional 170,901 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Peloton Interactive by 1.5% in the fourth quarter. Two Sigma Advisers LP now owns 7,551,800 shares of the company's stock valued at $65,701,000 after buying an additional 110,900 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON traded down $0.53 on Thursday, hitting $6.94. 16,140,841 shares of the company's stock were exchanged, compared to its average volume of 15,255,763. The firm's 50-day moving average is $6.33 and its 200 day moving average is $7.72. The company has a market capitalization of $2.71 billion, a PE ratio of -9.01 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.

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 during the quarter, compared to analyst estimates of $620.39 million. During the same period in the prior year, the firm earned ($0.45) earnings per share. The business's revenue was down 13.1% on a year-over-year basis. On average, analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on PTON. Argus raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group lowered their target price on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. lowered their target price on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a research note on Friday, March 14th. Finally, Telsey Advisory Group lowered 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. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.30.

Insider Activity

In other news, CFO Elizabeth F. Coddington sold 185,661 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.29, for a total value of $1,167,807.69. Following the completion of the sale, the chief financial officer now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nick V. Caldwell sold 68,727 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the sale, the insider now directly owns 474,234 shares of the company's stock, valued at $3,125,202.06. The trade was a 12.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 560,197 shares of company stock valued at $3,554,152. Insiders own 1.34% of the company's stock.

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.