abrdn plc Boosts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

abrdn plc raised its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 0.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 420,004 shares of the company’s stock after purchasing an additional 344 shares during the period. abrdn plc owned 0.30% of SharkNinja worth $40,892,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SN. FMR LLC boosted its holdings in shares of SharkNinja by 47.5% in the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after buying an additional 3,321,684 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after buying an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $114,878,000. WCM Investment Management LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $23,874,000. Finally, Artemis Investment Management LLP bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $24,391,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of NYSE SN opened at $111.85 on Thursday. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a 12 month low of $47.42 and a 12 month high of $115.20. The company has a 50 day simple moving average of $103.04 and a two-hundred day simple moving average of $98.88. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 1.59 and a beta of 1.13.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. The Goldman Sachs Group raised their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Jefferies Financial Group lifted their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.28.

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.