WINTON GROUP Ltd Sells 274,815 Shares of Peloton Interactive, Inc. $PTON

Key Points

• WINTON GROUP Ltd reduced its Peloton stake by 81.7% in the second quarter, selling 274,815 shares and retaining 61,658 shares valued at approximately $364,000. Institutional investors collectively own 77.01% of PTON.
• Peloton reported quarterly EPS of $0.13, beating estimates by $0.02, while revenue reached $607.7 million versus expectations of $596.6 million. Analysts expect full-year EPS of $0.31.
• Recent insider selling totaled 182,061 shares worth about $989,779, while analyst sentiment remains mixed: Peloton has a consensus “Hold” rating and an average price target of $7.95, compared with a reported share price of $4.84.

WINTON GROUP Ltd cut its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 81.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,658 shares of the company's stock after selling 274,815 shares during the period. WINTON GROUP Ltd's holdings in Peloton Interactive were worth $364,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PTON. Eminence Capital LP increased its position in shares of Peloton Interactive by 20.3% in the fourth quarter. Eminence Capital LP now owns 18,154,907 shares of the company's stock worth $111,834,000 after purchasing an additional 3,069,497 shares during the period. Pale Fire Capital SE lifted its position in Peloton Interactive by 24.0% during the second quarter. Pale Fire Capital SE now owns 7,728,586 shares of the company's stock worth $45,676,000 after purchasing an additional 1,494,009 shares during the period. Norges Bank bought a new stake in Peloton Interactive during the fourth quarter worth about $23,796,000. Technology Crossover Management IX Ltd. acquired a new stake in Peloton Interactive during the second quarter worth about $21,727,601. Finally, CastleKnight Management LP grew its stake in Peloton Interactive by 3.6% during the fourth quarter. CastleKnight Management LP now owns 2,405,200 shares of the company's stock worth $14,816,000 after buying an additional 84,300 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Down 0.2%

Peloton Interactive stock opened at $4.84 on Thursday. The stock has a market cap of $2.12 billion, a PE ratio of 40.34, a P/E/G ratio of 0.38 and a beta of 2.52. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20. The business's 50-day moving average price is $5.70 and its two-hundred day moving average price is $5.29.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The firm had revenue of $607.70 million during the quarter, compared to analysts' expectations of $596.60 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts expect that Peloton Interactive, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Karen Boone sold 25,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.35, for a total value of $133,750.00. Following the completion of the transaction, the director owned 236,063 shares of the company's stock, valued at $1,262,937.05. This represents a 9.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion Sanders sold 112,512 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total transaction of $613,190.40. Following the completion of the sale, the insider owned 18,801 shares in the company, valued at $102,465.45. This represents a 85.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 182,061 shares of company stock worth $989,779 in the last three months. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PTON shares. Morgan Stanley cut shares of Peloton Interactive from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $5.00 to $4.50 in a research report on Tuesday, September 8th. Telsey Advisory Group reissued a "market perform" rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Peloton Interactive from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, September 4th. Finally, UBS Group cut their target price on Peloton Interactive from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Tuesday, September 8th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Peloton Interactive has an average rating of "Hold" and a consensus target price of $7.95.

Peloton Interactive Profile

Peloton Interactive, Inc is a connected fitness company that combines exercise equipment, digital technology and subscription-based content. Its products include the Peloton Bike and Bike+, Tread and Tread+, Row, and Peloton Guide, along with related accessories and apparel. The company also offers digital memberships that provide access to live and on-demand cycling, running, strength, yoga, meditation and other fitness classes.

Peloton sells its products through its website, retail channels and commercial partnerships, while its subscription services are available to owners of Peloton equipment and, through a separate offering, to customers using compatible third-party devices.

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