Headlands Technologies LLC Has $151,000 Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Headlands Technologies LLC grew its position in shares of Peloton Interactive, Inc. (NASDAQ:PTONFree Report) by 471.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,962 shares of the company’s stock after acquiring an additional 24,719 shares during the quarter. Headlands Technologies LLC’s holdings in Peloton Interactive were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PTON. Price T Rowe Associates Inc. MD increased its position in shares of Peloton Interactive by 25.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,455,871 shares of the company’s stock valued at $384,740,000 after buying an additional 9,691,287 shares during the period. Vanguard Group Inc. increased its position in shares of Peloton Interactive by 3.4% in the first quarter. Vanguard Group Inc. now owns 25,768,977 shares of the company’s stock worth $680,816,000 after purchasing an additional 851,812 shares during the last quarter. Dragoneer Investment Group LLC increased its position in shares of Peloton Interactive by 51.0% in the second quarter. Dragoneer Investment Group LLC now owns 14,344,188 shares of the company’s stock worth $110,307,000 after purchasing an additional 4,847,696 shares during the last quarter. Capital World Investors boosted its stake in Peloton Interactive by 16.2% in the first quarter. Capital World Investors now owns 10,124,402 shares of the company’s stock worth $267,487,000 after buying an additional 1,411,171 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Peloton Interactive by 14.9% in the second quarter. Bank of New York Mellon Corp now owns 9,402,428 shares of the company’s stock worth $72,305,000 after buying an additional 1,220,310 shares in the last quarter. 79.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Peloton Interactive

In related news, Director Karen Boone sold 50,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total transaction of $216,500.00. Following the completion of the transaction, the director now directly owns 34,966 shares of the company’s stock, valued at approximately $151,402.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.28% of the company’s stock.

Peloton Interactive Stock Up 0.4 %

Shares of NASDAQ:PTON opened at $4.55 on Monday. Peloton Interactive, Inc. has a 1 year low of $3.96 and a 1 year high of $14.89. The business’s 50 day moving average price is $5.75 and its 200-day moving average price is $5.79.

Peloton Interactive (NASDAQ:PTONGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The company had revenue of $743.60 million for the quarter, compared to analysts’ expectations of $733.17 million. During the same quarter in the previous year, the business posted ($0.98) EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Peloton Interactive, Inc. will post -1.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PTON. Telsey Advisory Group decreased their target price on Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Friday, February 2nd. Canaccord Genuity Group reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, November 2nd. Canaccord Genuity Group downgraded Peloton Interactive from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a research note on Thursday, November 2nd. JPMorgan Chase & Co. reduced their price objective on Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, February 2nd. Finally, Bank of America cut Peloton Interactive from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $6.50 to $4.15 in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and a consensus target price of $7.73.

Read Our Latest Stock Report on PTON

Peloton Interactive Profile

(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.

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

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