SharkNinja, Inc. (NYSE:SN) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in shares of SharkNinja, Inc. (NYSE:SN) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,912 shares of the company’s stock after selling 25,211 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SharkNinja were worth $20,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of SharkNinja by 47.5% in the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after buying an additional 3,321,684 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of SharkNinja by 33.1% in the 4th 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. Westfield Capital Management Co. LP acquired a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $114,878,000. State Street Corp lifted its holdings in shares of SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after buying an additional 101,020 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in shares of SharkNinja by 74.2% in the 4th quarter. Artemis Investment Management LLP now owns 390,757 shares of the company’s stock valued at $38,044,000 after buying an additional 166,392 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of SN stock opened at $90.19 on Thursday. The stock has a fifty day moving average price of $104.43 and a 200 day moving average price of $102.72. The stock has a market cap of $12.62 billion, a PE ratio of 29.00, a P/E/G ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a 1 year low of $58.30 and a 1 year high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SN has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley lifted their price objective on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group lifted their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

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.