Handelsbanken Fonder AB Sells 4,600 Shares of SharkNinja, Inc. $SN

Handelsbanken Fonder AB decreased its position in SharkNinja, Inc. (NYSE:SN) by 26.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,500 shares of the company’s stock after selling 4,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in SharkNinja were worth $1,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Third Point LLC bought a new stake in shares of SharkNinja during the 1st quarter valued at about $45,876,000. WCM Investment Management LLC boosted its holdings in shares of SharkNinja by 159.7% in the second quarter. WCM Investment Management LLC now owns 575,867 shares of the company’s stock worth $55,571,000 after buying an additional 354,101 shares during the last quarter. Goldman Sachs Group Inc. grew its position in SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after buying an additional 317,730 shares during the period. Voya Investment Management LLC grew its position in SharkNinja by 1,744.6% during the first quarter. Voya Investment Management LLC now owns 242,893 shares of the company’s stock valued at $20,260,000 after buying an additional 229,725 shares during the period. Finally, Alua Capital Management LP increased its holdings in SharkNinja by 21.8% during the first quarter. Alua Capital Management LP now owns 1,269,433 shares of the company’s stock valued at $105,883,000 after buying an additional 226,944 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Trading Up 3.1%

Shares of SN stock opened at $96.20 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The stock has a fifty day simple moving average of $94.39 and a two-hundred day simple moving average of $102.44. The firm has a market capitalization of $13.58 billion, a PE ratio of 23.75, a PEG ratio of 1.74 and a beta of 1.51. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51.

Analysts Set New Price Targets

SN has been the topic of several analyst reports. Morgan Stanley set a $110.00 price target on shares of SharkNinja in a research note on Monday, October 27th. JPMorgan Chase & Co. decreased their target price on SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Oppenheimer lowered their target price on SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Guggenheim restated a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Finally, Canaccord Genuity Group raised their price objective on SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.57.

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.