SharkNinja, Inc. (NYSE:SN) Holdings Cut by Bridgewater Associates LP

Bridgewater Associates LP lessened its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 42.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,036 shares of the company's stock after selling 5,106 shares during the quarter. Bridgewater Associates LP's holdings in SharkNinja were worth $685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of SharkNinja during the fourth quarter worth about $55,000. Covestor Ltd raised its stake in SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after acquiring an additional 475 shares during the last quarter. SG Americas Securities LLC purchased a new stake in SharkNinja during the 4th quarter valued at approximately $171,000. World Investment Advisors LLC acquired a new stake in SharkNinja during the 3rd quarter worth approximately $244,000. Finally, F M Investments LLC purchased a new position in shares of SharkNinja in the 4th quarter valued at approximately $245,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SN has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group lowered 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. JPMorgan Chase & Co. reduced their price objective on shares of 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 lifted their price objective on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $116.72.

SharkNinja Stock Performance

SN stock traded up $2.78 during trading on Wednesday, hitting $77.25. 1,677,990 shares of the company's stock traded hands, compared to its average volume of 1,396,516. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The stock has a fifty day moving average price of $87.97 and a two-hundred day moving average price of $98.29. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, equities analysts anticipate 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.