AQR Capital Management LLC Boosts Stake in Peloton Interactive, Inc. $PTON

AQR Capital Management LLC raised its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 283.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,206,632 shares of the company’s stock after purchasing an additional 891,767 shares during the quarter. AQR Capital Management LLC owned 0.31% of Peloton Interactive worth $7,427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its stake in shares of Peloton Interactive by 29.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company’s stock valued at $137,528,000 after buying an additional 4,940,422 shares during the last quarter. Nuveen LLC acquired a new stake in Peloton Interactive in the first quarter valued at approximately $23,239,000. Voloridge Investment Management LLC increased its position in shares of Peloton Interactive by 1,438.9% in the fourth quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company’s stock valued at $27,049,000 after buying an additional 2,907,023 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Peloton Interactive by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company’s stock valued at $235,399,000 after buying an additional 2,186,862 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in Peloton Interactive by 236.5% in the 1st quarter. Jump Financial LLC now owns 2,394,660 shares of the company’s stock valued at $15,134,000 after buying an additional 1,683,053 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PTON. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 target price on shares of Peloton Interactive in a research note on Thursday, August 7th. UBS Group upgraded shares of Peloton Interactive from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. Truist Financial set a $11.00 price objective on shares of Peloton Interactive in a research note on Thursday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 7th. Finally, The Goldman Sachs Group raised shares of Peloton Interactive from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.00 to $11.50 in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.29.

Insider Buying and Selling

In other news, insider Nick V. Caldwell sold 10,477 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $8.00, for a total transaction of $83,816.00. Following the completion of the transaction, the insider owned 590,284 shares of the company’s stock, valued at $4,722,272. This represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Saqib Baig sold 21,736 shares of Peloton Interactive stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $7.62, for a total value of $165,628.32. Following the completion of the transaction, the chief accounting officer owned 155,284 shares in the company, valued at $1,183,264.08. The trade was a 12.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,000,913 shares of company stock worth $7,976,409 over the last ninety days. Insiders own 1.34% of the company’s stock.

Peloton Interactive Price Performance

PTON opened at $7.65 on Friday. The stock has a market cap of $3.12 billion, a P/E ratio of -24.68 and a beta of 2.07. The stock’s 50 day simple moving average is $7.27 and its 200 day simple moving average is $6.79. Peloton Interactive, Inc. has a 1-year low of $4.19 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $606.90 million during the quarter, compared to analysts’ expectations of $580.29 million. During the same period last year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. Research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

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.