Guggenheim Capital LLC Acquires 54,851 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Guggenheim Capital LLC increased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 1,368.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,860 shares of the company’s stock after buying an additional 54,851 shares during the quarter. Guggenheim Capital LLC’s holdings in Peloton Interactive were worth $8,930,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Clear Perspective Advisors LLC bought a new stake in shares of Peloton Interactive during the 4th quarter worth $215,000. Alpha DNA Investment Management LLC bought a new stake in shares of Peloton Interactive during the 4th quarter worth $40,000. Virginia Retirement Systems ET AL bought a new stake in shares of Peloton Interactive during the 4th quarter worth $668,000. New York Life Investments Alternatives bought a new stake in shares of Peloton Interactive during the 4th quarter worth $1,117,000. Finally, Tiger Global Management LLC lifted its position in shares of Peloton Interactive by 1.0% during the 4th quarter. Tiger Global Management LLC now owns 7,857,758 shares of the company’s stock worth $1,192,179,000 after buying an additional 80,100 shares during the last quarter. Institutional investors and hedge funds own 61.13% of the company’s stock.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Peloton Interactive from $145.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 5th. Zacks Investment Research cut Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday, January 23rd. Barclays upped their target price on Peloton Interactive from $148.00 to $163.00 and gave the stock an “overweight” rating in a report on Friday, February 5th. Raymond James cut Peloton Interactive from an “outperform” rating to a “market perform” rating in a report on Friday, February 5th. Finally, BMO Capital Markets upped their target price on Peloton Interactive from $33.00 to $45.00 and gave the stock an “underperform” rating in a report on Friday, February 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $151.31.

Shares of Peloton Interactive stock opened at $106.42 on Friday. Peloton Interactive, Inc. has a one year low of $24.58 and a one year high of $171.09. The stock’s 50-day moving average is $124.70 and its 200 day moving average is $124.51. The firm has a market cap of $31.34 billion, a price-to-earnings ratio of 1,520.29 and a beta of 0.87.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 4th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.10 by $0.08. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Peloton Interactive had a return on equity of 2.90% and a net margin of 2.01%. On average, analysts predict that Peloton Interactive, Inc. will post 0.45 earnings per share for the current fiscal year.

In other Peloton Interactive news, COO Thomas Cortese sold 40,000 shares of the stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $152.66, for a total value of $6,106,400.00. Following the transaction, the chief operating officer now owns 40,413 shares in the company, valued at $6,169,448.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mariana Garavaglia sold 4,688 shares of the stock in a transaction that occurred on Monday, December 28th. The stock was sold at an average price of $154.55, for a total value of $724,530.40. Following the completion of the transaction, the insider now owns 7,544 shares in the company, valued at approximately $1,165,925.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 380,037 shares of company stock worth $51,082,270. Corporate insiders own 16.50% of the company’s stock.

Peloton Interactive Profile

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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