Vanguard Group Inc. Boosts Holdings in Peloton Interactive, Inc. $PTON

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Vanguard Group Inc. raised its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,246,652 shares of the company's stock after buying an additional 2,186,862 shares during the period. Vanguard Group Inc. owned about 9.55% of Peloton Interactive worth $235,399,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 buying an additional 4,635,667 shares during the last quarter. DME Capital Management LP increased its holdings in shares of 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 buying an additional 992,797 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of 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 buying an additional 110,900 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Peloton Interactive by 12.4% in the 4th quarter. Northern Trust Corp now owns 3,413,295 shares of the company's stock worth $29,696,000 after buying an additional 376,278 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in shares of Peloton Interactive by 1,438.9% in 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 last quarter. Institutional investors own 77.01% of the company's stock.

Insider Transactions at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 38,708 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $6.96, for a total value of $269,407.68. Following the completion of the sale, the chief financial officer directly owned 294,342 shares of the company's stock, valued at approximately $2,048,620.32. This trade represents a 11.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nick V. Caldwell sold 30,290 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $8.00, for a total transaction of $242,320.00. Following the completion of the sale, the insider directly owned 548,378 shares of the company's stock, valued at approximately $4,387,024. This represents a 5.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,556 shares of company stock valued at $1,090,408. Company insiders own 1.34% of the company's stock.

Peloton Interactive Stock Down 0.8%

Shares of PTON opened at $8.45 on Tuesday. The stock has a market capitalization of $3.45 billion, a P/E ratio of -27.26 and a beta of 2.08. The firm has a fifty day simple moving average of $6.89 and a two-hundred day simple moving average of $6.90. Peloton Interactive, Inc. has a twelve month low of $3.14 and a twelve month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analysts' expectations of $580.29 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The company's revenue for the quarter was down 5.8% on a year-over-year basis. Sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PTON. Truist Financial set a $11.00 price target on shares of Peloton Interactive in a report on Thursday, August 7th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 7th. The Goldman Sachs Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.00 to $11.50 in a report on Friday, August 8th. UBS Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. Finally, Morgan Stanley increased their target price on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a report on Monday, August 4th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Peloton Interactive currently has a consensus rating of "Hold" and an average price target of $8.79.

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.

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