SharkNinja, Inc. (NYSE:SN) Stake Boosted by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 133.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,230 shares of the company's stock after acquiring an additional 7,564 shares during the period. Vontobel Holding Ltd.'s holdings in SharkNinja were worth $1,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SN. Keybank National Association OH grew its position in SharkNinja by 19.1% during the fourth quarter. Keybank National Association OH now owns 6,487 shares of the company's stock valued at $632,000 after acquiring an additional 1,039 shares during the period. Victory Capital Management Inc. boosted its position in shares of SharkNinja by 7.9% in the fourth quarter. Victory Capital Management Inc. now owns 8,461 shares of the company's stock worth $824,000 after buying an additional 620 shares during the period. Assetmark Inc. boosted its position in shares of SharkNinja by 6.5% in the fourth quarter. Assetmark Inc. now owns 5,166 shares of the company's stock worth $503,000 after buying an additional 316 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of SharkNinja in the fourth quarter worth about $37,187,000. Finally, HighTower Advisors LLC boosted its position in shares of SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after buying an additional 2,155,136 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. decreased their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley upped their target price on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research note on Monday, June 30th. Finally, Guggenheim cut their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Stock Up 3.2%

NYSE SN traded up $3.35 on Wednesday, hitting $108.90. 1,742,913 shares of the stock traded hands, compared to its average volume of 1,535,345. The stock has a 50-day moving average of $93.82 and a 200 day moving average of $94.56. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The company has a market capitalization of $15.36 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 2.04 and a beta of 1.66. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the firm posted $1.06 earnings per share. SharkNinja's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.