WINTON GROUP Ltd Acquires Shares of 242,375 Peloton Interactive, Inc. $PTON

WINTON GROUP Ltd acquired a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 242,375 shares of the company’s stock, valued at approximately $1,682,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Oder Investment Management LLC bought a new stake in Peloton Interactive during the first quarter worth $336,000. D.A. Davidson & CO. purchased a new position in Peloton Interactive during the 2nd quarter worth $338,000. Resolute Capital Asset Partners LLC purchased a new position in Peloton Interactive during the 1st quarter worth $790,000. Panagora Asset Management Inc. grew its stake in shares of Peloton Interactive by 214.5% in the 1st quarter. Panagora Asset Management Inc. now owns 745,041 shares of the company’s stock worth $4,709,000 after acquiring an additional 508,160 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Peloton Interactive by 236.5% in the first quarter. Jump Financial LLC now owns 2,394,660 shares of the company’s stock valued at $15,134,000 after purchasing an additional 1,683,053 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

PTON has been the topic of several analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $10.00 price target on shares of Peloton Interactive in a report on Thursday, October 2nd. Macquarie lifted their target price on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Morgan Stanley boosted their target price on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research note on Wednesday, November 19th. Citigroup decreased their price target on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, November 3rd. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Peloton Interactive has a consensus rating of “Hold” and an average target price of $9.86.

Peloton Interactive Stock Up 5.8%

Peloton Interactive stock opened at $6.77 on Wednesday. The firm has a 50 day moving average price of $7.26 and a 200-day moving average price of $7.28. Peloton Interactive, Inc. has a twelve month low of $4.63 and a twelve month high of $10.90. The company has a market capitalization of $2.83 billion, a P/E ratio of -24.18, a P/E/G ratio of 1.87 and a beta of 2.46.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $550.80 million during the quarter, compared to the consensus estimate of $540.61 million. The firm’s revenue was down 6.0% on a year-over-year basis. Equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In other news, insider Nick V. Caldwell sold 206,901 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the completion of the transaction, the insider owned 737,788 shares in the company, valued at approximately $5,739,990.64. This represents a 21.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.85, for a total value of $1,873,512.40. Following the completion of the sale, the chief financial officer owned 346,535 shares in the company, valued at $2,720,299.75. This represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,860,696 shares of company stock worth $13,932,164 over the last 90 days. 1.30% of the stock is owned by insiders.

Peloton Interactive Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.