WCM Investment Management LLC Sells 50,798 Shares of SharkNinja, Inc. (NYSE:SN)

WCM Investment Management LLC reduced its stake in SharkNinja, Inc. (NYSE:SN) by 22.6% during the 4th quarter, HoldingsChannel reports. The fund owned 174,427 shares of the company’s stock after selling 50,798 shares during the quarter. WCM Investment Management LLC’s holdings in SharkNinja were worth $16,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SN. State Street Corp raised its holdings in shares of SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after purchasing an additional 101,020 shares during the last quarter. Tidal Investments LLC grew its position in SharkNinja by 38.7% in the third quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock valued at $2,109,000 after purchasing an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in SharkNinja in the 3rd quarter valued at $5,832,000. abrdn plc lifted its position in SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock worth $45,621,000 after buying an additional 63,299 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of SharkNinja during the 3rd quarter worth about $11,942,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $113.92 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 44.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. SharkNinja, Inc. has a twelve month low of $48.05 and a twelve month high of $115.87. The company has a 50-day simple moving average of $103.91 and a two-hundred day simple moving average of $99.56.

Analyst Ratings Changes

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

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.