SharkNinja, Inc. $SN Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its position in SharkNinja, Inc. (NYSE:SN) by 5.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,041,075 shares of the company’s stock after selling 112,513 shares during the period. Baillie Gifford & Co.’s holdings in SharkNinja were worth $210,537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in SharkNinja by 39.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 143,427 shares of the company’s stock valued at $14,794,000 after purchasing an additional 40,659 shares during the last quarter. Aubrey Capital Management Ltd boosted its stake in shares of SharkNinja by 14.2% during the 3rd quarter. Aubrey Capital Management Ltd now owns 36,300 shares of the company’s stock valued at $3,745,000 after buying an additional 4,500 shares during the last quarter. Dynasty Wealth Management LLC purchased a new position in shares of SharkNinja during the 3rd quarter valued at approximately $383,000. Americana Partners LLC acquired a new stake in shares of SharkNinja during the third quarter worth approximately $204,000. Finally, Amalgamated Bank increased its stake in shares of SharkNinja by 19.3% in the third quarter. Amalgamated Bank now owns 4,988 shares of the company’s stock worth $515,000 after buying an additional 808 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

Shares of NYSE:SN opened at $123.42 on Friday. The company has a market cap of $17.42 billion, a PE ratio of 30.47, a P/E/G ratio of 1.93 and a beta of 1.41. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $129.19. The firm has a 50-day simple moving average of $110.56 and a 200 day simple moving average of $108.28. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Bank of America increased their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer lifted their price target on SharkNinja from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Morgan Stanley set a $110.00 price objective on SharkNinja in a research note on Monday, October 27th. Canaccord Genuity Group set a $140.00 target price on SharkNinja in a report on Thursday, January 8th. Finally, Guggenheim lifted their target price on SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.67.

SharkNinja Company Profile

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.