Banco Santander S.A. Takes Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Banco Santander S.A. purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,070 shares of the company’s stock, valued at approximately $78,000.

Other large investors also recently bought and sold shares of the company. Capital World Investors lifted its holdings in shares of Peloton Interactive by 17.6% in the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after purchasing an additional 3,925,000 shares during the last quarter. DNB Asset Management AS boosted its holdings in shares of Peloton Interactive by 42.4% in the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock valued at $40,880,000 after acquiring an additional 3,611,069 shares during the period. Norges Bank acquired a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $20,824,000. Patient Capital Management LLC grew its position in shares of Peloton Interactive by 32.7% during the fourth quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock worth $37,735,000 after acquiring an additional 1,527,471 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Peloton Interactive in the 1st quarter valued at $5,877,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Buying and Selling

In other news, CAO Saqib Baig sold 50,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the transaction, the chief accounting officer now owns 87,014 shares in the company, valued at $424,628.32. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the sale, the chief accounting officer now owns 87,014 shares of the company’s stock, valued at $424,628.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nick V. Caldwell purchased 31,337 shares of the stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the completion of the transaction, the insider now directly owns 31,337 shares of the company’s stock, valued at $133,182.25. The disclosure for this purchase can be found here. Insiders have sold a total of 103,813 shares of company stock worth $431,715 in the last quarter. Company insiders own 3.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PTON. Robert W. Baird increased their price target on shares of Peloton Interactive from $4.00 to $4.75 and gave the stock a “neutral” rating in a research note on Monday. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Tuesday, July 2nd. JPMorgan Chase & Co. cut Peloton Interactive from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $5.00 in a research report on Friday, August 23rd. Telsey Advisory Group increased their price objective on Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Finally, Canaccord Genuity Group lifted their target price on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.57.

Peloton Interactive Trading Up 2.2 %

Shares of NASDAQ:PTON traded up $0.10 on Thursday, reaching $4.63. 20,963,691 shares of the company were exchanged, compared to its average volume of 16,185,470. The company has a 50-day moving average of $3.54 and a 200-day moving average of $3.78. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -2.19 and a beta of 2.02. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $7.24.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.10. The company had revenue of $644.00 million for the quarter, compared to analyst estimates of $633.00 million. During the same quarter in the previous year, the company posted ($0.68) earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. As a group, analysts forecast that Peloton Interactive, Inc. will post -1.63 earnings per share for the current year.

About Peloton Interactive

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.