Peloton Interactive, Inc. $PTON Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 121.0% in the third quarter, HoldingsChannel reports. The fund owned 233,800 shares of the company’s stock after buying an additional 128,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Peloton Interactive were worth $2,104,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of Peloton Interactive by 342.6% during the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after purchasing an additional 477,106 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Peloton Interactive in the 1st quarter valued at about $4,740,000. AQR Capital Management LLC increased its stake in Peloton Interactive by 283.2% during the 1st quarter. AQR Capital Management LLC now owns 1,206,632 shares of the company’s stock valued at $7,427,000 after buying an additional 891,767 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Peloton Interactive by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock worth $1,839,000 after buying an additional 6,921 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Peloton Interactive by 3,132.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock worth $98,000 after buying an additional 15,068 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $6.12 on Friday. The stock has a market capitalization of $2.56 billion, a P/E ratio of -21.86, a P/E/G ratio of 1.86 and a beta of 2.46. Peloton Interactive, Inc. has a 1 year low of $4.63 and a 1 year high of $10.25. The business’s fifty day moving average is $6.72 and its two-hundred day moving average is $7.16.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (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 analyst estimates of $540.61 million. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 42,267 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $7.25, for a total transaction of $306,435.75. Following the sale, the chief accounting officer owned 193,052 shares in the company, valued at approximately $1,399,627. The trade was a 17.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dion C. Sanders sold 124,047 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $7.22, for a total transaction of $895,619.34. Following the completion of the transaction, the insider owned 111,036 shares of the company’s stock, valued at approximately $801,679.92. The trade was a 52.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 998,452 shares of company stock worth $6,988,068 in the last three months. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a report on Wednesday, November 19th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Guggenheim started coverage on Peloton Interactive in a research report on Wednesday, December 10th. They set a “neutral” rating on the stock. Macquarie upped their price objective on Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Finally, Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.86.

About Peloton Interactive

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.