SharkNinja, Inc. (NYSE:SN) Shares Sold by Lingotto Investment Management LLP

Lingotto Investment Management LLP lowered its stake in SharkNinja, Inc. (NYSE:SN) by 33.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,000 shares of the company’s stock after selling 56,000 shares during the quarter. SharkNinja comprises about 0.3% of Lingotto Investment Management LLP’s portfolio, making the stock its 27th biggest holding. Lingotto Investment Management LLP owned about 0.08% of SharkNinja worth $8,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of SN. Charles Schwab Investment Management Inc. increased its stake in SharkNinja by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 261,181 shares of the company’s stock worth $13,365,000 after purchasing an additional 7,710 shares during the period. Norges Bank purchased a new stake in SharkNinja during the fourth quarter worth about $30,841,000. GW&K Investment Management LLC purchased a new stake in SharkNinja during the fourth quarter worth about $12,151,000. Highland Peak Capital LLC purchased a new stake in SharkNinja during the fourth quarter worth about $17,638,000. Finally, Artisan Partners Limited Partnership purchased a new stake in SharkNinja during the fourth quarter worth about $15,761,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SN has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Bank of America upped their target price on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group upped their target price on shares of SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, China Renaissance initiated coverage on shares of SharkNinja in a research note on Wednesday, May 29th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.81.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $103.47 on Wednesday. The firm has a market capitalization of $14.48 billion, a P/E ratio of 76.64, a P/E/G ratio of 1.49 and a beta of 0.76. SharkNinja, Inc. has a 52 week low of $38.69 and a 52 week high of $104.50. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $85.20 and its two-hundred day moving average is $74.28.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.57 by $0.14. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. Research analysts forecast that SharkNinja, Inc. will post 3.89 EPS 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.