HM Payson & Co. increased its stake in Peloton Interactive, Inc. (NASDAQ:PTON) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,105 shares of the company’s stock after acquiring an additional 230 shares during the period. HM Payson & Co.’s holdings in Peloton Interactive were worth $319,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PTON. BlackRock Inc. boosted its holdings in shares of Peloton Interactive by 59.3% in the fourth quarter. BlackRock Inc. now owns 13,419,068 shares of the company’s stock valued at $2,035,943,000 after acquiring an additional 4,996,107 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Peloton Interactive during the fourth quarter worth approximately $465,206,000. Norges Bank bought a new stake in Peloton Interactive during the fourth quarter worth approximately $313,327,000. Technology Crossover Management X Ltd. bought a new stake in Peloton Interactive during the fourth quarter worth approximately $261,586,000. Finally, Jennison Associates LLC boosted its holdings in Peloton Interactive by 14.3% during the fourth quarter. Jennison Associates LLC now owns 12,303,851 shares of the company’s stock worth $1,866,740,000 after buying an additional 1,536,900 shares in the last quarter. Institutional investors and hedge funds own 61.13% of the company’s stock.
NASDAQ PTON opened at $115.20 on Thursday. The firm has a market capitalization of $33.93 billion, a price-to-earnings ratio of 1,645.71 and a beta of 0.87. The company’s fifty day moving average is $114.93 and its two-hundred day moving average is $125.94. Peloton Interactive, Inc. has a 52-week low of $26.91 and a 52-week high of $171.09.
Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.08. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Peloton Interactive had a net margin of 2.01% and a return on equity of 2.90%. Sell-side analysts forecast that Peloton Interactive, Inc. will post 0.45 earnings per share for the current year.
In other news, COO Thomas Cortese sold 40,000 shares of Peloton Interactive stock in a transaction dated Tuesday, January 12th. The shares were sold at an average price of $152.66, for a total transaction of $6,106,400.00. Following the sale, the chief operating officer now directly owns 40,413 shares in the company, valued at approximately $6,169,448.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jon Callaghan sold 15,000 shares of Peloton Interactive stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $164.90, for a total transaction of $2,473,500.00. The disclosure for this sale can be found here. Insiders sold a total of 384,724 shares of company stock worth $51,389,928 over the last 90 days. Company insiders own 16.50% of the company’s stock.
PTON has been the subject of a number of research reports. UBS Group cut shares of Peloton Interactive from a “neutral” rating to a “sell” rating and raised their target price for the stock from $115.00 to $124.00 in a report on Tuesday, January 19th. Cowen raised their target price on shares of Peloton Interactive from $130.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, February 1st. Stifel Nicolaus raised their price objective on shares of Peloton Interactive from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, December 22nd. Credit Suisse Group started coverage on shares of Peloton Interactive in a research note on Tuesday. They issued an “outperform” rating and a $164.00 price objective for the company. Finally, Needham & Company LLC raised their price objective on shares of Peloton Interactive from $140.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $150.39.
About Peloton Interactive
Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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