KBC Group NV Increases Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)
KBC Group NV boosted its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,401 shares of the company’s stock after purchasing an additional 4,900 shares during the period. KBC Group NV’s holdings in Peloton Interactive were worth $6,117,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Baillie Gifford & Co. boosted its position in Peloton Interactive by 1.3% in the fourth quarter. Baillie Gifford & Co. now owns 15,983,896 shares of the company’s stock worth $2,425,077,000 after purchasing an additional 202,320 shares during the last quarter. BlackRock Inc. boosted its position in Peloton Interactive by 59.3% in the fourth quarter. BlackRock Inc. now owns 13,419,068 shares of the company’s stock worth $2,035,943,000 after purchasing an additional 4,996,107 shares during the last quarter. Jennison Associates LLC boosted its position in Peloton Interactive by 14.3% in the fourth quarter. Jennison Associates LLC now owns 12,303,851 shares of the company’s stock worth $1,866,740,000 after purchasing an additional 1,536,900 shares during the last quarter. Tiger Global Management LLC boosted its position in Peloton Interactive by 1.0% in the fourth quarter. Tiger Global Management LLC now owns 7,857,758 shares of the company’s stock worth $1,192,179,000 after purchasing an additional 80,100 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Peloton Interactive in the fourth quarter worth about $465,206,000. 61.13% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Howard C. Draft sold 15,000 shares of the business’s stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $105.80, for a total transaction of $1,587,000.00. Following the completion of the transaction, the director now owns 268,750 shares in the company, valued at approximately $28,433,750. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Paul Foley sold 100,000 shares of the business’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $119.53, for a total value of $11,953,000.00. Following the transaction, the chief executive officer now owns 371,385 shares of the company’s stock, valued at approximately $44,391,649.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 488,369 shares of company stock valued at $56,706,157. Company insiders own 16.50% of the company’s stock.
Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 4th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Peloton Interactive had a return on equity of 2.90% and a net margin of 2.01%. Equities analysts expect that Peloton Interactive, Inc. will post 0.45 EPS for the current year.
Several research analysts have recently commented on PTON shares. Zacks Investment Research downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, January 23rd. Barclays raised their price objective on Peloton Interactive from $148.00 to $163.00 and gave the stock an “overweight” rating in a research note on Friday, February 5th. Evercore ISI reaffirmed an “in-line” rating and issued a $125.00 price objective (down previously from $160.00) on shares of Peloton Interactive in a research note on Tuesday, April 13th. UBS Group downgraded Peloton Interactive from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $115.00 to $124.00 in a research note on Tuesday, January 19th. Finally, Cowen raised their price objective on Peloton Interactive from $130.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, February 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $148.81.
About Peloton Interactive
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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