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

KBC Group NV lifted its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 36.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,953 shares of the company’s stock after acquiring an additional 4,221 shares during the period. KBC Group NV’s holdings in Peloton Interactive were worth $139,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. increased its holdings 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 in the last quarter. Verdence Capital Advisors LLC purchased a new stake in shares of Peloton Interactive in the third quarter worth about $52,000. Ballentine Partners LLC purchased a new stake in shares of Peloton Interactive during the 3rd quarter valued at about $55,000. Wealthcare Advisory Partners LLC acquired a new position in Peloton Interactive during the 4th quarter worth approximately $104,000. Finally, Sanctuary Advisors LLC purchased a new position in Peloton Interactive in the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PTON. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and increased their price target for the company from $3.75 to $9.00 in a report on Monday, November 4th. Finally, BMO Capital Markets lifted their price objective on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.10.

Peloton Interactive Stock Up 12.0 %

Shares of NASDAQ:PTON opened at $8.49 on Friday. The firm has a 50-day simple moving average of $8.99 and a 200 day simple moving average of $6.59. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The company has a market cap of $3.24 billion, a PE ratio of -7.93 and a beta of 1.95.

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

Insider Transactions at Peloton Interactive

In related news, insider Andrew S. Rendich sold 138,391 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the sale, the insider now directly owns 287,973 shares in the company, valued at $2,162,677.23. This trade represents a 32.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Boone sold 17,259 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total value of $148,945.17. Following the transaction, the director now owns 244,641 shares of the company’s stock, valued at $2,111,251.83. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 395,813 shares of company stock worth $3,041,724. Insiders own 1.34% of the company’s stock.

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.