Hsbc Holdings PLC Buys New Position in SharkNinja, Inc. (NYSE:SN)

Hsbc Holdings PLC purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,100 shares of the company's stock, valued at approximately $1,272,000.

A number of other hedge funds have also added to or reduced their stakes in SN. Barclays PLC raised its position in SharkNinja by 117.4% in the third quarter. Barclays PLC now owns 8,394 shares of the company's stock worth $913,000 after acquiring an additional 4,533 shares during the period. World Investment Advisors LLC purchased a new position in SharkNinja in the third quarter valued at approximately $244,000. Tidal Investments LLC grew its holdings in SharkNinja by 38.7% during the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after purchasing an additional 5,416 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of SharkNinja in the third quarter valued at $5,832,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of SharkNinja by 30.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock worth $11,430,000 after acquiring an additional 27,436 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Trading Up 0.8 %

Shares of SN stock traded up $0.61 during trading hours on Wednesday, reaching $80.69. The company's stock had a trading volume of 1,498,875 shares, compared to its average volume of 1,425,097. The firm's fifty day simple moving average is $82.59 and its 200 day simple moving average is $96.39. The stock has a market capitalization of $11.32 billion, a P/E ratio of 25.93, a P/E/G ratio of 2.35 and a beta of 1.68. 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 one year low of $60.50 and a one year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. Equities research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of recent research reports. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley raised their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. The Goldman Sachs Group decreased their target price on shares of SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Jefferies Financial Group upped their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.06.

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.