SharkNinja, Inc. (NYSE:SN) Shares Bought by Caitong International Asset Management Co. Ltd

Key Points

• Caitong International Asset Management Co. Ltd has significantly increased its stake in SharkNinja by 504.3%, now owning 2,502 shares valued at approximately $209,000.
• SharkNinja posted $1.44 billion in revenue during the most recent quarter, surpassing expectations and marking a 15.7% increase from the previous year.
• Several analysts have raised their price targets for SharkNinja, with JPMorgan Chase & Co. now targeting $144.00, reflecting a positive outlook on the stock.

Caitong International Asset Management Co. Ltd raised its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 504.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,502 shares of the company's stock after buying an additional 2,088 shares during the quarter. Caitong International Asset Management Co. Ltd's holdings in SharkNinja were worth $209,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SN. WCM Investment Management LLC grew its holdings in shares of SharkNinja by 27.1% during the 1st quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock worth $18,633,000 after purchasing an additional 47,339 shares during the period. Encompass More Asset Management grew its holdings in shares of SharkNinja by 39.3% during the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock worth $654,000 after purchasing an additional 2,209 shares during the period. GAMMA Investing LLC grew its holdings in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the period. Lisanti Capital Growth LLC purchased a new position in shares of SharkNinja during the 1st quarter worth $350,000. Finally, World Investment Advisors purchased a new position in shares of SharkNinja during the 1st quarter worth $268,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Trading Down 0.2%

SN traded down $0.18 during mid-day trading on Friday, hitting $119.12. 948,603 shares of the stock were exchanged, compared to its average volume of 1,405,168. The firm's fifty day moving average is $106.40 and its two-hundred day moving average is $96.71. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The company has a market cap of $16.80 billion, a PE ratio of 32.55, a PEG ratio of 2.34 and a beta of 1.69.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.19. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%. SharkNinja's revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Equities analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SN. Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. Canaccord Genuity Group increased their price target on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Wall Street Zen upgraded SharkNinja from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. Finally, Oppenheimer increased their target price on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.86.

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.