Peloton Interactive, Inc. (NASDAQ:PTON) Shares Bought by KBC Group NV

KBC Group NV increased its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 36.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,953 shares of the company’s stock after buying an additional 4,221 shares during the quarter. KBC Group NV’s holdings in Peloton Interactive were worth $139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gtcr LLC acquired a new position in shares of Peloton Interactive in the third quarter valued at approximately $65,520,000. Hennessy Advisors Inc. purchased a new position in Peloton Interactive during the 4th quarter worth $85,260,000. Two Sigma Advisers LP lifted its stake in shares of Peloton Interactive by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after acquiring an additional 206,500 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Peloton Interactive during the fourth quarter worth about $39,992,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Peloton Interactive by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company’s stock worth $18,703,000 after purchasing an additional 291,946 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Peloton Interactive

In related news, CAO Saqib Baig sold 36,776 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the sale, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. This trade represents a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Karen Boone sold 16,925 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the transaction, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at $2,200,011.88. This trade represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 395,813 shares of company stock worth $3,041,724. Insiders own 1.34% of the company’s stock.

Peloton Interactive Stock Up 12.0 %

PTON opened at $8.49 on Friday. The business’s fifty day simple moving average is $8.99 and its 200 day simple moving average is $6.59. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The firm has a market cap of $3.24 billion, a P/E ratio of -7.93 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, equities analysts expect that Peloton Interactive, Inc. will post -0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PTON shares. Sanford C. Bernstein boosted their target price on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $3.75 to $9.00 in a research report on Monday, November 4th. Truist Financial upped their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Macquarie raised their price objective on shares of Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets upped their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Sixteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.10.

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.