Amundi Has $4.77 Million Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Amundi increased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 552,651 shares of the company's stock after purchasing an additional 35,928 shares during the period. Amundi owned 0.14% of Peloton Interactive worth $4,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PTON. PDT Partners LLC boosted its position in shares of Peloton Interactive by 0.7% in the third quarter. PDT Partners LLC now owns 205,573 shares of the company's stock worth $962,000 after buying an additional 1,373 shares during the period. Victory Capital Management Inc. lifted its position in Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock worth $366,000 after acquiring an additional 1,534 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after acquiring an additional 1,597 shares in the last quarter. Choreo LLC raised its stake in shares of Peloton Interactive by 12.3% during the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock valued at $150,000 after purchasing an additional 1,838 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Peloton Interactive by 33.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after purchasing an additional 2,403 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

PTON has been the subject of several analyst reports. UBS Group raised shares of Peloton Interactive from a "sell" rating to a "neutral" rating and raised their price target for the company from $2.50 to $10.00 in a report on Friday, December 6th. Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. The Goldman Sachs Group increased their price target on Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Finally, Canaccord Genuity Group upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a report on Friday, March 14th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $8.69.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded up $0.06 during mid-day trading on Wednesday, reaching $6.52. The company had a trading volume of 10,701,303 shares, compared to its average volume of 15,843,965. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -8.46 and a beta of 1.95. The stock has a fifty day moving average of $8.02 and a two-hundred day moving average of $7.47. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the transaction, the insider now owns 404,188 shares in the company, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Karen Boone sold 17,259 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the transaction, the director now directly owns 244,641 shares in the company, valued at approximately $2,111,251.83. The trade was a 6.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 691,597 shares of company stock worth $5,671,783. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Company 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.