Peloton Interactive, Inc. $PTON Stock Holdings Increased by Pale Fire Capital SE

Pale Fire Capital SE boosted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 24.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,728,586 shares of the company’s stock after acquiring an additional 1,494,009 shares during the quarter. Peloton Interactive makes up 1.2% of Pale Fire Capital SE’s investment portfolio, making the stock its 9th biggest position. Pale Fire Capital SE’s holdings in Peloton Interactive were worth $45,676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PTON. Vanguard Group Inc. boosted its holdings in Peloton Interactive by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after acquiring an additional 591,300 shares during the period. Eminence Capital LP increased its position in shares of Peloton Interactive by 20.3% during the fourth quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock worth $111,834,000 after acquiring an additional 3,069,497 shares during the period. DNB Asset Management AS increased its position in shares of Peloton Interactive by 142.4% during the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after acquiring an additional 6,331,510 shares during the period. Geode Capital Management LLC raised its stake in shares of Peloton Interactive by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock valued at $60,015,000 after acquiring an additional 369,614 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after purchasing an additional 1,503,680 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. The Goldman Sachs Group lifted their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Peloton Interactive in a research note on Friday, August 21st. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Finally, Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.94.

Peloton Interactive Stock Up 4.7%

NASDAQ:PTON opened at $5.33 on Thursday. The company has a market capitalization of $2.34 billion, a PE ratio of 44.42, a P/E/G ratio of 0.45 and a beta of 2.52. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20. The stock’s 50 day moving average price is $5.85 and its 200 day moving average price is $5.23.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post 0.28 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, insider Dion C. Sanders sold 112,512 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total transaction of $613,190.40. Following the transaction, the insider owned 18,801 shares of the company’s stock, valued at $102,465.45. This trade represents a 85.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Boone sold 25,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,262,937.05. This trade represents a 9.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 187,061 shares of company stock worth $1,018,079. Company insiders own 1.30% of the company’s stock.

Peloton Interactive Company Profile

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.