HM Payson & Co. Grows Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)


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HM Payson & Co. raised its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,105 shares of the company’s stock after buying an additional 230 shares during the period. HM Payson & Co.’s holdings in Peloton Interactive were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PTON. Great West Life Assurance Co. Can purchased a new position in shares of Peloton Interactive during the third quarter worth $3,381,000. Guggenheim Capital LLC purchased a new position in shares of Peloton Interactive during the third quarter worth $398,000. First Allied Advisory Services Inc. purchased a new position in shares of Peloton Interactive during the third quarter worth $295,000. Advisors Asset Management Inc. purchased a new position in shares of Peloton Interactive during the third quarter worth $1,041,000. Finally, Polar Capital LLP boosted its position in shares of Peloton Interactive by 16.1% during the third quarter. Polar Capital LLP now owns 1,478,085 shares of the company’s stock worth $146,685,000 after buying an additional 205,319 shares during the period. Institutional investors and hedge funds own 61.13% of the company’s stock.

NASDAQ PTON opened at $115.20 on Thursday. Peloton Interactive, Inc. has a 52-week low of $26.91 and a 52-week high of $171.09. The business’s 50-day moving average price is $114.93 and its 200 day moving average price is $125.94. The firm has a market cap of $33.93 billion, a P/E ratio of 1,645.71 and a beta of 0.87.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 4th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Peloton Interactive had a return on equity of 2.90% and a net margin of 2.01%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, equities analysts forecast that Peloton Interactive, Inc. will post 0.45 EPS for the current year.

PTON has been the subject of a number of recent research reports. Telsey Advisory Group lifted their target price on Peloton Interactive from $145.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, December 22nd. Wolfe Research initiated coverage on Peloton Interactive in a report on Wednesday, March 31st. They issued a “peer perform” rating and a $110.00 target price for the company. Needham & Company LLC lifted their target price on Peloton Interactive from $140.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 5th. Gordon Haskett reiterated a “buy” rating and issued a $190.00 target price on shares of Peloton Interactive in a report on Friday, February 5th. Finally, Wedbush lifted their target price on Peloton Interactive from $130.00 to $160.00 in a report on Tuesday, December 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $150.39.

In related news, Director Howard C. Draft sold 15,000 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, January 19th. The stock was sold at an average price of $148.68, for a total transaction of $2,230,200.00. Following the completion of the transaction, the director now directly owns 118,751 shares in the company, valued at approximately $17,655,898.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Paul Foley sold 100,000 shares of Peloton Interactive stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $160.34, for a total value of $16,034,000.00. Following the transaction, the chief executive officer now owns 391,187 shares of the company’s stock, valued at $62,722,923.58. The disclosure for this sale can be found here. Insiders have sold a total of 384,724 shares of company stock valued at $51,389,928 over the last 90 days. Insiders own 16.50% of the company’s stock.

Peloton Interactive Profile

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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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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