Vontobel Holding Ltd. Acquires 66,985 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Vontobel Holding Ltd. boosted its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 327.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,453 shares of the company's stock after acquiring an additional 66,985 shares during the quarter. Vontobel Holding Ltd.'s holdings in Peloton Interactive were worth $553,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC raised its holdings in shares of Peloton Interactive by 22.8% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 53,829 shares of the company's stock valued at $340,000 after purchasing an additional 9,991 shares during the period. Diversified Trust Co bought a new stake in Peloton Interactive in the first quarter valued at approximately $391,000. FNY Investment Advisers LLC acquired a new stake in shares of Peloton Interactive in the first quarter valued at approximately $37,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Peloton Interactive by 385.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company's stock worth $382,000 after acquiring an additional 48,023 shares during the period. Finally, Matauro LLC increased its holdings in shares of Peloton Interactive by 213.6% during the 1st quarter. Matauro LLC now owns 32,496 shares of the company's stock worth $205,000 after acquiring an additional 22,135 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Activity

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 145,622 shares of the company'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 $910,137.50. Following the sale, the insider owned 235,439 shares of the company's stock, valued at approximately $1,471,493.75. This represents a 38.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,167,807.69. Following the completion of the transaction, the chief financial officer directly owned 311,231 shares in the company, valued at approximately $1,957,642.99. This trade represents a 37.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 555,952 shares of company stock worth $3,556,914 in the last 90 days. 1.34% of the stock is owned by company insiders.

Peloton Interactive Stock Up 3.2%

Peloton Interactive stock traded up $0.21 during trading hours on Thursday, hitting $6.72. The stock had a trading volume of 10,228,214 shares, compared to its average volume of 15,413,242. The business's 50 day simple moving average is $6.80 and its 200-day simple moving average is $7.25. Peloton Interactive, Inc. has a one year low of $2.83 and a one year high of $10.90. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -15.27 and a beta of 2.11.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The firm's revenue was down 13.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.45) earnings per share. Research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Telsey Advisory Group decreased their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Friday, May 9th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. The Goldman Sachs Group lowered their target price on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Bank of America reduced their price target on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group raised 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. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive has an average rating of "Hold" and a consensus price target of $8.30.

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.