Vontobel Holding Ltd. Increases Holdings in SharkNinja, Inc. (NYSE:SN)

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

A number of other institutional investors and hedge funds also recently modified their holdings of SN. GAMMA Investing LLC increased its position in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after buying an additional 155 shares during the last quarter. Quarry LP purchased a new stake in SharkNinja in the fourth quarter worth $47,000. Continuum Advisory LLC increased its position in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after buying an additional 550 shares during the last quarter. Covestor Ltd increased its position in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC increased its position in SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after buying an additional 1,000 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Guggenheim decreased their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Oppenheimer raised their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. The Goldman Sachs Group raised their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. cut their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Price Performance

NYSE SN traded up $1.41 during trading hours on Friday, reaching $107.77. 894,592 shares of the stock traded hands, compared to its average volume of 1,534,293. The stock has a 50 day simple moving average of $92.26 and a two-hundred day simple moving average of $94.32. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.07 and a beta of 1.66.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted $1.06 earnings per share. The company's revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts predict that SharkNinja, Inc. will post 4.52 EPS 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.