TD Asset Management Inc. Has $8.48 Million Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

TD Asset Management Inc. cut its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 237,109 shares of the company’s stock after selling 85,468 shares during the quarter. TD Asset Management Inc. owned about 0.08% of Peloton Interactive worth $8,479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Putnam Investments LLC raised its stake in shares of Peloton Interactive by 7.7% in the third quarter. Putnam Investments LLC now owns 92,000 shares of the company’s stock valued at $8,009,000 after purchasing an additional 6,600 shares in the last quarter. Profund Advisors LLC raised its stake in Peloton Interactive by 8.3% during the fourth quarter. Profund Advisors LLC now owns 28,151 shares of the company’s stock worth $1,007,000 after acquiring an additional 2,152 shares in the last quarter. North Star Investment Management Corp. raised its stake in Peloton Interactive by 80.0% during the fourth quarter. North Star Investment Management Corp. now owns 3,150 shares of the company’s stock worth $113,000 after acquiring an additional 1,400 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in Peloton Interactive by 2.9% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,043,441 shares of the company’s stock worth $73,789,000 after acquiring an additional 57,515 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Peloton Interactive by 22.9% during the third quarter. Cetera Investment Advisers now owns 5,107 shares of the company’s stock worth $445,000 after acquiring an additional 953 shares in the last quarter. Institutional investors and hedge funds own 82.42% of the company’s stock.

In other news, Director William Lynch sold 6,250 shares of the firm’s stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $32.49, for a total transaction of $203,062.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jill Woodworth sold 4,530 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $15.65, for a total value of $70,894.50. Following the sale, the chief financial officer now directly owns 6,528 shares in the company, valued at approximately $102,163.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,761 shares of company stock worth $440,841. 13.18% of the stock is currently owned by insiders.

PTON has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Peloton Interactive from $50.00 to $24.00 in a research note on Wednesday, May 11th. Truist Financial decreased their target price on Peloton Interactive from $45.00 to $15.00 in a report on Wednesday, May 11th. Barclays decreased their target price on Peloton Interactive from $60.00 to $22.00 in a report on Wednesday, May 11th. Credit Suisse Group decreased their target price on Peloton Interactive from $28.00 to $11.00 in a report on Wednesday, May 11th. Finally, Loop Capital decreased their target price on Peloton Interactive from $55.00 to $27.00 in a report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and an average price target of $45.81.

Shares of PTON opened at $15.55 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. Peloton Interactive, Inc. has a 1 year low of $11.25 and a 1 year high of $129.70. The stock has a market cap of $5.16 billion, a P/E ratio of -2.61 and a beta of 1.26. The stock’s 50-day moving average price is $22.17 and its two-hundred day moving average price is $32.64.

Peloton Interactive (NASDAQ:PTON – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($2.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.83) by ($1.44). The company had revenue of $964.30 million for the quarter, compared to the consensus estimate of $969.81 million. Peloton Interactive had a negative return on equity of 78.79% and a negative net margin of 49.10%. Peloton Interactive’s quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. As a group, equities analysts forecast that Peloton Interactive, Inc. will post -4.85 EPS for the current year.

Peloton Interactive Profile (Get Rating)

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various 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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