Peloton Interactive, Inc. (NASDAQ:PTON) Holdings Lowered by BlackRock Inc.

BlackRock Inc. trimmed its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 1.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,046,384 shares of the company’s stock after selling 190,612 shares during the quarter. BlackRock Inc. owned approximately 0.05% of Peloton Interactive worth $1,309,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Souders Financial Advisors raised its position in Peloton Interactive by 2.5% during the third quarter. Souders Financial Advisors now owns 5,048 shares of the company’s stock valued at $439,000 after buying an additional 122 shares during the period. Cresset Asset Management LLC raised its position in Peloton Interactive by 4.7% during the second quarter. Cresset Asset Management LLC now owns 2,837 shares of the company’s stock valued at $352,000 after buying an additional 127 shares during the period. Ancora Advisors LLC raised its position in Peloton Interactive by 45.0% during the second quarter. Ancora Advisors LLC now owns 435 shares of the company’s stock valued at $54,000 after buying an additional 135 shares during the period. Redmond Asset Management LLC raised its position in Peloton Interactive by 1.2% during the third quarter. Redmond Asset Management LLC now owns 11,768 shares of the company’s stock valued at $1,024,000 after buying an additional 140 shares during the period. Finally, Cigna Investments Inc. New raised its position in Peloton Interactive by 7.9% during the second quarter. Cigna Investments Inc. New now owns 1,985 shares of the company’s stock valued at $246,000 after buying an additional 146 shares during the period. 75.63% of the stock is owned by institutional investors and hedge funds.

In other news, President William Lynch sold 2,268 shares of the stock in a transaction that occurred on Tuesday, November 16th. The stock was sold at an average price of $53.13, for a total value of $120,498.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider X Cycle L.P. Tcv purchased 641,620 shares of the company’s stock in a transaction that occurred on Thursday, November 18th. The shares were acquired at an average cost of $46.00 per share, with a total value of $29,514,520.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 107,801 shares of company stock valued at $9,553,661. 13.18% of the stock is currently owned by insiders.

Several research analysts recently weighed in on PTON shares. The Goldman Sachs Group dropped their price target on Peloton Interactive from $110.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, November 5th. Telsey Advisory Group lowered Peloton Interactive from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $135.00 to $70.00 in a research report on Friday, November 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Peloton Interactive in a research report on Friday, December 3rd. They issued a “buy” rating and a $76.00 target price on the stock. Wedbush dropped their target price on Peloton Interactive from $90.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, November 5th. Finally, UBS Group dropped their target price on Peloton Interactive from $65.00 to $30.00 and set a “sell” rating on the stock in a research report on Monday, December 20th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $97.24.

Shares of PTON stock opened at $31.33 on Friday. The stock has a 50 day moving average of $41.23 and a two-hundred day moving average of $82.45. The company has a current ratio of 1.96, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. Peloton Interactive, Inc. has a 12 month low of $30.35 and a 12 month high of $166.57. The company has a market capitalization of $9.49 billion, a P/E ratio of -14.57 and a beta of 0.87.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, November 4th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.15) by ($0.10). Peloton Interactive had a negative return on equity of 35.32% and a negative net margin of 15.59%. The company had revenue of $805.20 million during the quarter, compared to analyst estimates of $808.87 million. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Sell-side analysts predict that Peloton Interactive, Inc. will post -2.83 earnings per share for the current fiscal year.

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

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