Nomura Asset Management Co. Ltd. Raises Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Nomura Asset Management Co. Ltd. grew its position in shares of Peloton Interactive, Inc. (NASDAQ:PTONGet Rating) by 57.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,761 shares of the company’s stock after purchasing an additional 31,139 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Peloton Interactive were worth $3,067,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PTON. Morgan Stanley grew its position in shares of Peloton Interactive by 7.1% during the second quarter. Morgan Stanley now owns 2,538,190 shares of the company’s stock valued at $314,786,000 after purchasing an additional 167,461 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Peloton Interactive by 7.1% in the 3rd quarter. Park Avenue Securities LLC now owns 5,830 shares of the company’s stock valued at $508,000 after acquiring an additional 387 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Peloton Interactive by 15.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 24,329 shares of the company’s stock valued at $2,075,000 after acquiring an additional 3,194 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Peloton Interactive by 60.5% in the 3rd quarter. Spire Wealth Management now owns 1,473 shares of the company’s stock valued at $128,000 after acquiring an additional 555 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Peloton Interactive by 1,010.2% in the 3rd quarter. Cerity Partners LLC now owns 23,991 shares of the company’s stock valued at $2,088,000 after acquiring an additional 21,830 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.

NASDAQ PTON opened at $23.56 on Monday. The company has a market capitalization of $7.81 billion, a PE ratio of -6.33 and a beta of 0.97. The company has a fifty day moving average of $27.52 and a 200 day moving average of $45.44. Peloton Interactive, Inc. has a 1 year low of $20.11 and a 1 year high of $129.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.33 and a quick ratio of 1.29.

Peloton Interactive (NASDAQ:PTONGet Rating) last released its quarterly earnings results on Tuesday, February 8th. The company reported ($1.39) earnings per share for the quarter, missing the consensus estimate of ($1.18) by ($0.21). Peloton Interactive had a negative return on equity of 59.67% and a negative net margin of 27.48%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts expect that Peloton Interactive, Inc. will post -3.94 earnings per share for the current year.

In other news, Director William Lynch sold 6,250 shares of the stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $32.49, for a total value of $203,062.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Allen J. Klingsick sold 2,059 shares of the stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $31.89, for a total transaction of $65,661.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,768 shares of company stock valued at $347,387. 13.18% of the stock is owned by corporate insiders.

A number of research analysts recently commented on PTON shares. JMP Securities downgraded shares of Peloton Interactive from an “outperform” rating to a “market perform” rating in a report on Friday, December 31st. Telsey Advisory Group increased their price target on shares of Peloton Interactive from $30.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, February 9th. Macquarie lowered their price target on shares of Peloton Interactive from $85.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 9th. JPMorgan Chase & Co. lowered their price target on shares of Peloton Interactive from $70.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, January 5th. Finally, Bank of America raised their price objective on shares of Peloton Interactive from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, February 9th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.35.

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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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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