Amundi Boosts Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Amundi grew its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 7.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 552,651 shares of the company’s stock after purchasing an additional 35,928 shares during the period. Amundi’s holdings in Peloton Interactive were worth $4,769,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Gtcr LLC purchased a new stake in Peloton Interactive during the 3rd quarter worth $65,520,000. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive in the fourth quarter worth about $85,260,000. Assenagon Asset Management S.A. acquired a new stake in shares of Peloton Interactive in the fourth quarter valued at about $39,992,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Peloton Interactive during the 3rd quarter valued at about $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Peloton Interactive during the 3rd quarter worth approximately $5,724,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Up 16.1 %

Shares of NASDAQ:PTON opened at $7.05 on Friday. The company has a market cap of $2.75 billion, a PE ratio of -9.16 and a beta of 1.95. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The firm has a 50-day simple moving average of $8.12 and a 200 day simple moving average of $7.43.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 6th. The company reported ($0.24) 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 -0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Peloton Interactive news, CAO Saqib Baig sold 22,662 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Karen Boone sold 17,259 shares of Peloton Interactive stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the sale, the director now directly owns 244,641 shares in the company, valued at approximately $2,111,251.83. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 584,719 shares of company stock valued at $4,958,301 over the last three months. Company insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PTON. Canaccord Genuity Group upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday. Macquarie reaffirmed a “neutral” rating and set a $9.00 price target on shares of Peloton Interactive in a research note on Monday, February 10th. Citigroup decreased their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group boosted their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.69.

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.