Vontobel Holding Ltd. Has $552,000 Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Vontobel Holding Ltd. trimmed its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,666 shares of the company’s stock after selling 656 shares during the period. Vontobel Holding Ltd.’s holdings in SharkNinja were worth $552,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SN. Signaturefd LLC raised its holdings in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management bought a new position in SharkNinja in the 3rd quarter valued at about $54,000. Safe Harbor Fiduciary LLC bought a new position in SharkNinja in the 3rd quarter valued at about $54,000. R Squared Ltd bought a new position in SharkNinja in the 4th quarter valued at about $55,000. Finally, Waldron Private Wealth LLC bought a new position in SharkNinja in the 3rd quarter valued at about $65,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SN has been the topic of several research analyst reports. Canaccord Genuity Group increased their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley increased their price target 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. JPMorgan Chase & Co. increased 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. Finally, Jefferies Financial Group increased their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

SharkNinja Stock Performance

NYSE SN opened at $112.03 on Thursday. The company’s 50 day moving average is $105.51 and its 200-day moving average is $101.58. SharkNinja, Inc. has a 12-month low of $51.93 and a 12-month high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The firm has a market cap of $15.68 billion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.13.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The firm 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%. Sell-side analysts predict that SharkNinja, Inc. will post 4.5 earnings per share 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.