California Public Employees Retirement System Has $10.98 Million Holdings in SharkNinja, Inc. (NYSE:SN)

California Public Employees Retirement System lowered its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,790 shares of the company's stock after selling 4,529 shares during the quarter. California Public Employees Retirement System owned 0.08% of SharkNinja worth $10,981,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SN. The Manufacturers Life Insurance Company acquired a new position in SharkNinja during the third quarter valued at approximately $271,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in SharkNinja by 306.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,404 shares of the company's stock worth $3,523,000 after buying an additional 24,423 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in SharkNinja during the third quarter worth $770,000. Stifel Financial Corp lifted its stake in SharkNinja by 2.1% in the third quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock valued at $521,000 after acquiring an additional 100 shares during the last quarter. Finally, State Street Corp lifted its stake in SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after acquiring an additional 101,020 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Canaccord Genuity Group lifted their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Jefferies Financial Group increased their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $119.28.

SharkNinja Stock Performance

NYSE SN traded up $0.74 on Friday, reaching $73.55. The stock had a trading volume of 2,038,811 shares, compared to its average volume of 1,380,885. 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 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a market cap of $10.32 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The firm has a fifty day moving average of $93.27 and a two-hundred day moving average of $99.94.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. On average, equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.