Hsbc Holdings PLC lifted its stake in Peloton Interactive, Inc. (NASDAQ:PTON – Free Report) by 246.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 127,825 shares of the company’s stock after buying an additional 90,894 shares during the quarter. Hsbc Holdings PLC’s holdings in Peloton Interactive were worth $555,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of PTON. Hennessy Advisors Inc. bought a new position in shares of Peloton Interactive in the fourth quarter worth approximately $30,533,000. Jackson Creek Investment Advisors LLC bought a new stake in shares of Peloton Interactive during the fourth quarter valued at approximately $1,110,000. Vanguard Group Inc. increased its position in shares of Peloton Interactive by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after acquiring an additional 591,300 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Peloton Interactive by 18.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,849,503 shares of the company’s stock worth $11,393,000 after acquiring an additional 286,254 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after acquiring an additional 6,331,510 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, insider Dion C. Sanders sold 112,523 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total transaction of $583,994.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 5,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total value of $28,300.00. Following the completion of the transaction, the chief financial officer directly owned 234,046 shares in the company, valued at approximately $1,324,700.36. This represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 160,769 shares of company stock valued at $844,525. 1.30% of the stock is owned by company insiders.
Peloton Interactive Trading Up 0.2%
Peloton Interactive (NASDAQ:PTON – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) EPS. As a group, research analysts forecast that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have commented on the company. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. The Goldman Sachs Group boosted their target price on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. Finally, UBS Group restated a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus target price of $7.94.
View Our Latest Stock Analysis on Peloton Interactive
About Peloton Interactive
Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.
Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.
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