Mitsubishi UFJ Trust & Banking Corp Lowers Stock Position in SharkNinja, Inc. (NYSE:SN)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in SharkNinja, Inc. (NYSE:SN) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,266 shares of the company’s stock after selling 16,669 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in SharkNinja were worth $12,780,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SN. Stifel Financial Corp boosted its stake in SharkNinja by 2.1% during the third quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock worth $413,000 after purchasing an additional 219 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of SharkNinja by 6.4% in the 4th quarter. Avior Wealth Management LLC now owns 5,139 shares of the company’s stock worth $500,000 after buying an additional 310 shares during the last quarter. Assetmark Inc. raised its stake in SharkNinja by 6.5% during the fourth quarter. Assetmark Inc. now owns 5,166 shares of the company’s stock valued at $503,000 after buying an additional 316 shares during the last quarter. Finally, Xponance Inc. raised its stake in SharkNinja by 11.3% during the fourth quarter. Xponance Inc. now owns 4,053 shares of the company’s stock valued at $395,000 after buying an additional 411 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Trading Down 1.9 %

Shares of SN stock opened at $83.74 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 12-month low of $60.72 and a 12-month high of $123.00. The stock has a market capitalization of $11.72 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.35 and a beta of 1.24. The firm’s 50 day moving average is $101.91 and its 200 day moving average is $102.30.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Jefferies Financial Group increased their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley increased their price target on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average price target of $122.50.

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.