Mirae Asset Global Investments Co. Ltd. Sells 28,152 Shares of SharkNinja, Inc. (NYSE:SN)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of SharkNinja, Inc. (NYSE:SN) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,548 shares of the company’s stock after selling 28,152 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SharkNinja were worth $6,466,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp boosted its holdings in SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after buying an additional 101,020 shares during the period. Tidal Investments LLC boosted its holdings in shares of SharkNinja by 38.7% in the third quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after acquiring an additional 5,416 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of SharkNinja in the third quarter valued at $5,832,000. abrdn plc raised its stake in shares of SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after purchasing an additional 63,299 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in SharkNinja during the 3rd quarter worth about $11,942,000. Institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SN has been the topic of several analyst reports. Canaccord Genuity Group upped their price target on SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley upped their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Jefferies Financial Group raised their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. increased their price objective on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.28.

SharkNinja Stock Performance

NYSE:SN opened at $113.92 on Friday. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of 44.68, a PEG ratio of 1.59 and a beta of 1.13. The business has a 50 day moving average of $103.64 and a 200 day moving average of $99.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. SharkNinja, Inc. has a 1-year low of $48.05 and a 1-year high of $115.87.

SharkNinja Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.