Vanguard Group Inc. Has $347.73 Million Stock Holdings in Peloton Interactive, Inc. $PTON

Vanguard Group Inc. lifted its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,636,291 shares of the company’s stock after acquiring an additional 811,585 shares during the quarter. Vanguard Group Inc. owned approximately 9.48% of Peloton Interactive worth $347,727,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Peloton Interactive by 342.6% in the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after buying an additional 477,106 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Peloton Interactive by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after buying an additional 6,921 shares during the period. NewEdge Advisors LLC boosted its position in Peloton Interactive by 3,132.6% during the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after acquiring an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after acquiring an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP bought a new position in shares of Peloton Interactive in the 1st quarter worth about $282,000. Institutional investors own 77.01% of the company’s stock.

Insider Activity

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 238,013 shares of Peloton Interactive stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $4.18, for a total transaction of $994,894.34. Following the completion of the transaction, the chief financial officer owned 346,535 shares of the company’s stock, valued at $1,448,516.30. The trade was a 40.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Saqib Baig sold 30,918 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total transaction of $128,000.52. Following the transaction, the chief accounting officer owned 219,781 shares of the company’s stock, valued at $909,893.34. This trade represents a 12.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,079,910 shares of company stock worth $5,144,999. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Telsey Advisory Group cut their price target on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, February 6th. Macquarie Infrastructure upped their target price on Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Bank of America set a $9.00 price target on shares of Peloton Interactive in a research report on Friday, January 30th. Guggenheim initiated coverage on shares of Peloton Interactive in a research note on Wednesday, December 10th. They set a “neutral” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday, January 9th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Peloton Interactive has an average rating of “Hold” and an average price target of $8.42.

Peloton Interactive Stock Performance

PTON opened at $4.02 on Friday. Peloton Interactive, Inc. has a fifty-two week low of $3.95 and a fifty-two week high of $9.20. The firm has a 50-day moving average of $5.53 and a 200 day moving average of $6.80. The firm has a market cap of $1.71 billion, a P/E ratio of -30.92, a PEG ratio of 0.81 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The business had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. During the same quarter last year, the firm posted ($0.24) EPS. The firm’s revenue was down 2.5% on a year-over-year basis. Equities research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.