2 weeks Ago By ABMN Staff
Invesco Ltd. boosted its position in shares of Peloton Interactive, Inc. ( NASDAQ:PTON – Free Report ) by 106.
0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,357,466 shares of the company’s stock after purchasing an additional 698,621 shares during the quarter. Invesco Ltd.
’s holdings in Peloton Interactive were worth $11,810,000 at the end of the most recent reporting period. A number of other hedge funds have also made changes to their positions in the company. Hennessy Advisors Inc.
acquired a new stake in Peloton Interactive in the 4th quarter valued at about $85,260,000. Assenagon Asset Management S.A.
acquired a new position in shares of Peloton Interactive during the 4th quarter worth approximately $39,992,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Peloton Interactive by 245.
7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock valued at $36,782,000 after buying an additional 3,004,757 shares in the last quarter.
Vanguard Group Inc. increased its position in Peloton Interactive by 4.9% during the fourth quarter.
Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock worth $305,020,000 after buying an additional 1,645,640 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Peloton Interactive in the fourth quarter worth $5,277,000.
Hedge funds and other institutional investors own 77.01% of the company’s stock. Peloton Interactive Stock Performance Peloton Interactive stock opened at $5.
32 on Tuesday. Peloton Interactive, Inc. has a one year low of $2.
70 and a one year high of $10.90. The stock’s 50 day moving average price is $6.
78 and its 200 day moving average price is $7.69. The firm has a market capitalization of $2.
07 billion, a PE ratio of -6.91 and a beta of 2.21.
Wall Street Analyst Weigh In Several research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $8.00 to $10.
00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Morgan Stanley reduced their price target on Peloton Interactive from $5.
75 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co.
dropped their target price on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th.
Finally, Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, March 14th. Fifteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $8.54. Check Out Our Latest Research Report on Peloton Interactive Insider Activity at Peloton Interactive In related news, insider Andrew S.
Rendich sold 121,883 shares of Peloton Interactive stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.
82. Following the completion of the sale, the insider now owns 404,188 shares in the company, valued at approximately $3,855,953.52.
The trade was a 23.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.
50. Following the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25.
This trade represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last 90 days, insiders sold 674,338 shares of company stock valued at $5,522,838. Insiders own 1.34% of the company’s stock.
About Peloton Interactive ( Free Report ) 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. Read More Want to see what other hedge funds are holding PTON? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Peloton Interactive, Inc. ( NASDAQ:PTON – Free Report ). Receive News & Ratings for Peloton Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peloton Interactive and related companies with MarketBeat.
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