Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in SharkNinja, Inc. (NYSE:SN)

Mirae Asset Global Investments Co. Ltd. lessened its stake in SharkNinja, Inc. (NYSE:SN) by 29.4% in the fourth quarter, HoldingsChannel reports. The fund owned 67,548 shares of the company’s stock after selling 28,152 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SharkNinja were worth $6,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC raised its position in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after purchasing an additional 3,321,684 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after acquiring an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in SharkNinja in the third quarter worth $114,878,000. State Street Corp boosted its holdings in SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after acquiring an additional 101,020 shares in the last quarter. Finally, abrdn plc increased its position in SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after purchasing an additional 63,299 shares during the period. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Price Performance

Shares of NYSE:SN opened at $113.92 on Friday. The company has a market capitalization of $15.94 billion, a PE ratio of 44.68, a PEG ratio of 1.59 and a beta of 1.13. The business has a fifty day moving average price of $103.64 and a 200-day moving average price of $99.08. SharkNinja, Inc. has a 1-year low of $48.05 and a 1-year high of $115.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95.

Analysts Set New Price Targets

SN has been the subject of several research analyst reports. Morgan Stanley raised their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Jefferies Financial Group raised their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group raised their target price on SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their price target on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $117.28.

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.