Mitsubishi UFJ Trust & Banking Corp Sells 16,669 Shares of SharkNinja, Inc. (NYSE:SN)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,266 shares of the company's stock after selling 16,669 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of SharkNinja worth $12,780,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC purchased a new position in SharkNinja in the 3rd quarter worth approximately $54,000. R Squared Ltd bought a new stake in shares of SharkNinja in the 4th quarter worth $55,000. Northwest & Ethical Investments L.P. purchased a new position in shares of SharkNinja in the third quarter worth $163,000. SG Americas Securities LLC bought a new position in shares of SharkNinja during the fourth quarter valued at $171,000. Finally, First Dallas Securities Inc. bought a new position in shares of SharkNinja during the third quarter valued at $215,000. 34.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

SN has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Canaccord Genuity Group raised their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, SharkNinja presently has an average rating of "Moderate Buy" and a consensus price target of $122.50.

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SharkNinja Price Performance

SharkNinja stock traded up $3.52 during mid-day trading on Wednesday, hitting $87.72. The stock had a trading volume of 558,464 shares, compared to its average volume of 1,262,335. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The firm's 50 day moving average is $100.87 and its 200 day moving average is $102.10. The firm has a market capitalization of $12.27 billion, a P/E ratio of 28.11, a P/E/G ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a one year low of $60.72 and a one year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $1.61 billion. On average, sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

About SharkNinja

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.