Geode Capital Management LLC Has $37.91 Million Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Geode Capital Management LLC raised its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,099,427 shares of the company’s stock after buying an additional 13,669 shares during the period. Geode Capital Management LLC owned about 2.12% of Peloton Interactive worth $37,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PTON. Point72 Asia Singapore Pte. Ltd. raised its position in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Peloton Interactive in the second quarter valued at about $27,000. Nisa Investment Advisors LLC lifted its position in Peloton Interactive by 1,836.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after buying an additional 9,000 shares in the last quarter. Schneider Downs Wealth Management Advisors LP bought a new stake in Peloton Interactive during the 2nd quarter worth about $35,000. Finally, CIBC Asset Management Inc acquired a new stake in Peloton Interactive in the 2nd quarter valued at about $35,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Up 1.0 %

Shares of PTON stock opened at $9.36 on Wednesday. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The firm has a fifty day moving average of $8.29 and a 200-day moving average of $5.49. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of -8.75 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. During the same period in the prior year, the business earned ($0.44) EPS. Peloton Interactive’s quarterly revenue was down 1.6% on a year-over-year basis. Research analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.

Insiders Place Their Bets

In other Peloton Interactive news, CEO Chris Bruzzo sold 24,977 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $5.80, for a total transaction of $144,866.60. Following the completion of the transaction, the chief executive officer now owns 149,240 shares in the company, valued at approximately $865,592. This represents a 14.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew S. Rendich sold 138,391 shares of Peloton Interactive stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now directly owns 287,973 shares in the company, valued at $2,162,677.23. This represents a 32.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 430,539 shares of company stock worth $3,260,596. Company insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

PTON has been the topic of several research analyst reports. Sanford C. Bernstein raised their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Morgan Stanley lifted their target price on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Truist Financial boosted their price objective on Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.97.

Peloton Interactive Company 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.