Baillie Gifford & Co. Lowers Stock Holdings in SharkNinja, Inc. $SN

Baillie Gifford & Co. cut its holdings in SharkNinja, Inc. (NYSE:SN) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,041,075 shares of the company’s stock after selling 112,513 shares during the period. Baillie Gifford & Co. owned 1.45% of SharkNinja worth $210,537,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SN. Norges Bank acquired a new position in shares of SharkNinja during the 2nd quarter valued at about $81,983,000. Third Point LLC grew its holdings in SharkNinja by 118.2% in the second quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock valued at $118,788,000 after purchasing an additional 650,000 shares during the period. Disciplined Growth Investors Inc. MN acquired a new position in SharkNinja during the second quarter worth approximately $46,048,000. Voss Capital LP raised its stake in SharkNinja by 238.6% during the second quarter. Voss Capital LP now owns 575,626 shares of the company’s stock worth $56,981,000 after purchasing an additional 405,626 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of SharkNinja by 79.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 900,661 shares of the company’s stock valued at $89,156,000 after purchasing an additional 399,043 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SN. Guggenheim upped their price objective on SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. JPMorgan Chase & Co. boosted their target price on SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Zacks Research downgraded shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Finally, TD Cowen reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, January 14th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.67.

SharkNinja Stock Performance

SharkNinja stock opened at $123.42 on Friday. The firm has a market capitalization of $17.42 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $129.19. The stock’s 50 day moving average price is $110.56 and its 200 day moving average price is $108.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96.

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.