Milestone Resources Group Ltd Buys 223,918 Shares of SharkNinja, Inc. $SN

Milestone Resources Group Ltd lifted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 117.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 415,165 shares of the company’s stock after purchasing an additional 223,918 shares during the quarter. SharkNinja accounts for approximately 2.2% of Milestone Resources Group Ltd’s investment portfolio, making the stock its 9th biggest holding. Milestone Resources Group Ltd’s holdings in SharkNinja were worth $42,824,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SN. Norges Bank purchased a new position in SharkNinja in the 2nd quarter worth $81,983,000. Third Point LLC increased its holdings in shares of 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 stake in shares of SharkNinja during the second quarter worth about $46,048,000. Voss Capital LP boosted its position in SharkNinja by 238.6% in the second quarter. Voss Capital LP now owns 575,626 shares of the company’s stock valued at $56,981,000 after buying an additional 405,626 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its holdings in SharkNinja by 79.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 900,661 shares of the company’s stock worth $89,156,000 after buying an additional 399,043 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of NYSE SN opened at $118.16 on Friday. The stock has a fifty day moving average price of $114.04 and a 200 day moving average price of $108.66. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $129.19. 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 company has a market cap of $16.68 billion, a PE ratio of 29.18, a P/E/G ratio of 1.53 and a beta of 1.41.

Analysts Set New Price Targets

Several brokerages have commented on SN. Bank of America lifted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Cantor Fitzgerald restated an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. Morgan Stanley set a $110.00 price objective on SharkNinja in a research report on Monday, October 27th. Oppenheimer increased their target price on shares of SharkNinja from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Finally, Guggenheim increased their target price on shares of SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $137.67.

SharkNinja 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.