Skandinaviska Enskilda Banken AB publ Acquires 39,740 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Skandinaviska Enskilda Banken AB publ grew its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 11.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 375,736 shares of the company’s stock after acquiring an additional 39,740 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.10% of Peloton Interactive worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Peloton Interactive by 13.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock valued at $15,397,000 after purchasing an additional 295,436 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Peloton Interactive by 25,397.7% in the first quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock valued at $1,687,000 after purchasing an additional 392,141 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Peloton Interactive in the fourth quarter valued at $855,000. Vanguard Group Inc. raised its stake in shares of Peloton Interactive by 4.0% in the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after purchasing an additional 1,215,397 shares in the last quarter. Finally, Swiss National Bank raised its stake in Peloton Interactive by 1.2% during the first quarter. Swiss National Bank now owns 642,200 shares of the company’s stock worth $2,752,000 after acquiring an additional 7,600 shares in the last quarter. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Price Performance

NASDAQ:PTON opened at $4.74 on Tuesday. The business’s 50-day simple moving average is $3.93 and its 200-day simple moving average is $3.79. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $7.24. The stock has a market capitalization of $1.76 billion, a PE ratio of -2.25 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million during the quarter, compared to analyst estimates of $633.00 million. During the same period in the prior year, the business posted ($0.68) EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. On average, research analysts expect that Peloton Interactive, Inc. will post -0.65 earnings per share for the current year.

Insider Activity at Peloton Interactive

In related news, CEO Karen Boone sold 14,841 shares of Peloton Interactive stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total value of $49,123.71. Following the sale, the chief executive officer now owns 116,171 shares of the company’s stock, valued at approximately $384,526.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the transaction, the chief executive officer now owns 116,171 shares of the company’s stock, valued at approximately $384,526.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elizabeth F. Coddington sold 36,819 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $4.74, for a total value of $174,522.06. Following the transaction, the chief financial officer now directly owns 171,466 shares in the company, valued at approximately $812,748.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 172,857 shares of company stock valued at $771,710. 3.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PTON has been the subject of several recent analyst reports. Macquarie reiterated a “neutral” rating and set a $2.53 price objective on shares of Peloton Interactive in a research note on Thursday, August 22nd. Wolfe Research started coverage on Peloton Interactive in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. lowered Peloton Interactive from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $5.00 in a research note on Friday, August 23rd. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Tuesday, July 2nd. Finally, Robert W. Baird raised their target price on Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.57.

About Peloton Interactive

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.