Swiss National Bank Acquires 80,200 Shares of Peloton Interactive, Inc. $PTON

Swiss National Bank boosted its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 12.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 714,400 shares of the company’s stock after acquiring an additional 80,200 shares during the period. Swiss National Bank owned 0.18% of Peloton Interactive worth $4,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. grew its stake in Peloton Interactive by 13.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 98,388 shares of the company’s stock valued at $649,000 after buying an additional 11,937 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Peloton Interactive by 113.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 157,015 shares of the company’s stock valued at $1,090,000 after purchasing an additional 83,317 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Peloton Interactive by 18.6% in the second quarter. Intech Investment Management LLC now owns 211,159 shares of the company’s stock valued at $1,465,000 after purchasing an additional 33,098 shares during the last quarter. Creative Planning increased its stake in shares of Peloton Interactive by 22.6% during the second quarter. Creative Planning now owns 41,325 shares of the company’s stock worth $287,000 after purchasing an additional 7,631 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Peloton Interactive by 6.5% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 241,011 shares of the company’s stock worth $1,619,000 after purchasing an additional 14,749 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Trading Down 3.2%

PTON stock opened at $6.45 on Wednesday. The firm has a 50-day moving average price of $7.46 and a 200-day moving average price of $7.29. Peloton Interactive, Inc. has a 12 month low of $4.63 and a 12 month high of $10.90. The stock has a market capitalization of $2.69 billion, a P/E ratio of -23.03, a price-to-earnings-growth ratio of 1.94 and a beta of 2.46.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $540.61 million. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In other news, insider Nick V. Caldwell sold 206,901 shares of Peloton Interactive stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the sale, the insider directly owned 737,788 shares of the company’s stock, valued at approximately $5,739,990.64. This trade represents a 21.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total value of $1,873,512.40. Following the sale, the chief financial officer owned 346,535 shares in the company, valued at approximately $2,720,299.75. This trade represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,869,665 shares of company stock valued at $14,003,916 over the last quarter. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Zacks Research lowered Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Truist Financial upped their price target on shares of Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Macquarie boosted their price objective on shares of Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley increased their target price on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research report on Wednesday, November 19th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and a consensus price target of $9.86.

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.