SharkNinja, Inc. (NYSE:SN) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of SharkNinja, Inc. (NYSE:SNFree Report) by 37.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,822 shares of the company’s stock after selling 28,724 shares during the quarter. Hsbc Holdings PLC’s holdings in SharkNinja were worth $2,467,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Deuterium Capital Management LLC purchased a new position in SharkNinja during the fourth quarter worth about $256,000. Victory Capital Management Inc. purchased a new position in shares of SharkNinja in the third quarter valued at approximately $402,000. Bank of New York Mellon Corp purchased a new position in shares of SharkNinja in the third quarter valued at approximately $414,000. Laurion Capital Management LP purchased a new position in shares of SharkNinja in the third quarter valued at approximately $556,000. Finally, Pinnacle Associates Ltd. boosted its stake in shares of SharkNinja by 60.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 11,615 shares of the company’s stock valued at $594,000 after purchasing an additional 4,380 shares during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Down 3.9 %

SN stock opened at 75.93 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. SharkNinja, Inc. has a twelve month low of 25.84 and a twelve month high of 80.42. The company’s 50 day moving average is 68.29 and its two-hundred day moving average is 57.33. The stock has a market cap of $10.62 billion and a P/E ratio of 56.24.

SharkNinja (NYSE:SNGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported 1.06 earnings per share for the quarter, topping analysts’ consensus estimates of 0.95 by 0.11. SharkNinja had a net margin of 4.25% and a return on equity of 29.62%. The company had revenue of 1.07 billion for the quarter, compared to analysts’ expectations of 949.88 million. During the same quarter last year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. Research analysts expect that SharkNinja, Inc. will post 3.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SN. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, May 10th. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $74.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 13th. UBS Group raised their price objective on shares of SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. started coverage on shares of SharkNinja in a report on Thursday, April 4th. They issued an “overweight” rating and a $70.00 target price on the stock. Finally, China Renaissance started coverage on shares of SharkNinja in a report on Wednesday, May 29th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of 74.56.

Read Our Latest Research Report on SharkNinja

SharkNinja Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SharkNinja (NYSE:SN)

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