WT Asset Management Ltd Makes New Investment in SharkNinja, Inc. (NYSE:SN)

WT Asset Management Ltd bought a new stake in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 39,924 shares of the company’s stock, valued at approximately $3,887,000. SharkNinja comprises approximately 0.4% of WT Asset Management Ltd’s holdings, making the stock its 24th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management purchased a new stake in SharkNinja in the 3rd quarter valued at approximately $54,000. Safe Harbor Fiduciary LLC acquired a new stake in SharkNinja during the 3rd quarter valued at $54,000. R Squared Ltd purchased a new position in SharkNinja during the fourth quarter worth $55,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of SharkNinja in the third quarter worth $65,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

SharkNinja Trading Up 2.6 %

Shares of SN opened at $111.82 on Wednesday. The stock’s fifty day simple moving average is $102.79 and its 200 day simple moving average is $98.60. SharkNinja, Inc. has a twelve month low of $47.29 and a twelve month high of $115.20. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $15.65 billion, a P/E ratio of 43.85, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13.

SharkNinja Company 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.