Y Intercept Hong Kong Ltd Acquires Shares of 9,728 SharkNinja, Inc. (NYSE:SN)

Y Intercept Hong Kong Ltd acquired a new position in shares of SharkNinja, Inc. (NYSE:SN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,728 shares of the company’s stock, valued at approximately $947,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC increased its stake in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock worth $1,120,543,000 after buying an additional 3,321,684 shares during the period. Baillie Gifford & Co. increased its position in shares of SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock worth $236,603,000 after acquiring an additional 604,559 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of SharkNinja in the third quarter worth about $114,878,000. State Street Corp boosted its holdings in SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after purchasing an additional 101,020 shares during the last quarter. Finally, abrdn plc grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

SN has been the subject of several research analyst reports. Morgan Stanley increased their target price on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Jefferies Financial Group increased their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

SharkNinja Price Performance

Shares of SN opened at $103.52 on Friday. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The stock’s fifty day moving average is $106.26 and its 200-day moving average is $102.53. SharkNinja, Inc. has a one year low of $53.33 and a one year high of $123.00.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

SharkNinja Company 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.