XTX Topco Ltd Purchases Shares of 8,118 SharkNinja, Inc. (NYSE:SN)

XTX Topco Ltd acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,118 shares of the company’s stock, valued at approximately $790,000.

Other large investors have also modified their holdings of the company. FMR LLC grew its position in SharkNinja by 59.8% during the fourth quarter. FMR LLC now owns 16,467,858 shares of the company’s stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares during the period. HighTower Advisors LLC grew its holdings in shares of SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after purchasing an additional 2,155,136 shares during the period. Norges Bank acquired a new stake in SharkNinja during the 4th quarter worth approximately $100,845,000. Baillie Gifford & Co. raised its holdings in SharkNinja by 33.1% in the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock valued at $236,603,000 after buying an additional 604,559 shares during the period. Finally, William Blair Investment Management LLC lifted its position in SharkNinja by 26.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock valued at $275,270,000 after buying an additional 590,632 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group upped their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group raised their target price on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and an average price target of $119.28.

SharkNinja Trading Up 0.8 %

NYSE:SN opened at $74.25 on Friday. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The business’s 50-day simple moving average is $90.22 and its 200 day simple moving average is $99.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. As a group, sell-side analysts predict that SharkNinja, Inc. will post 4.52 earnings per share 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.