Mitsubishi UFJ Trust & Banking Corp Acquires 40,659 Shares of SharkNinja, Inc. $SN

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 39.6% in the third quarter, HoldingsChannel.com reports. The fund owned 143,427 shares of the company’s stock after purchasing an additional 40,659 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in SharkNinja were worth $14,794,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capricorn Fund Managers Ltd raised its stake in SharkNinja by 16.1% in the second quarter. Capricorn Fund Managers Ltd now owns 130,000 shares of the company’s stock valued at $12,869,000 after purchasing an additional 18,000 shares in the last quarter. Ethic Inc. bought a new position in shares of SharkNinja in the 2nd quarter worth $303,000. Analyst IMS Investment Management Services Ltd. raised its position in shares of SharkNinja by 60.2% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 12,505 shares of the company’s stock valued at $1,238,000 after buying an additional 4,700 shares in the last quarter. Strs Ohio raised its position in shares of SharkNinja by 1,439.4% during the 2nd quarter. Strs Ohio now owns 191,974 shares of the company’s stock valued at $19,004,000 after buying an additional 179,503 shares in the last quarter. Finally, Nixon Capital LLC lifted its holdings in shares of SharkNinja by 12.8% during the 3rd quarter. Nixon Capital LLC now owns 159,874 shares of the company’s stock worth $16,491,000 after acquiring an additional 18,184 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Down 0.5%

Shares of SN stock opened at $122.66 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. The business has a 50-day moving average of $112.09 and a 200 day moving average of $108.46. The stock has a market capitalization of $17.31 billion, a PE ratio of 30.29, a P/E/G ratio of 1.58 and a beta of 1.41. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $129.19.

Wall Street Analyst Weigh In

A number of research firms recently commented on SN. Zacks Research cut SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Canaccord Genuity Group set a $140.00 price objective on SharkNinja in a research report on Thursday, January 8th. Bank of America raised their price objective on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley set a $110.00 target price on SharkNinja in a research note on Monday, October 27th. Finally, Guggenheim lifted their price target on shares of SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $137.67.

About SharkNinja

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.