SharkNinja, Inc. (NYSE:SN) Shares Acquired by Fmr LLC

Fmr LLC boosted its stake in SharkNinja, Inc. (NYSE:SN) by 59.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,467,858 shares of the company’s stock after acquiring an additional 6,160,226 shares during the period. Fmr LLC owned 0.12% of SharkNinja worth $1,603,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SN. HighTower Advisors LLC lifted its stake in shares of SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after acquiring an additional 2,155,136 shares during the period. William Blair Investment Management LLC raised its holdings in SharkNinja by 26.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock worth $275,270,000 after purchasing an additional 590,632 shares in the last quarter. Baillie Gifford & Co. lifted its position in SharkNinja by 33.1% in the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock valued at $236,603,000 after purchasing an additional 604,559 shares during the period. Federated Hermes Inc. boosted its holdings in SharkNinja by 24.3% in the 4th quarter. Federated Hermes Inc. now owns 1,138,014 shares of the company’s stock valued at $110,783,000 after purchasing an additional 222,377 shares in the last quarter. Finally, Norges Bank acquired a new position in SharkNinja during the 4th quarter worth approximately $100,845,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SN shares. Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Jefferies Financial Group boosted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Canaccord Genuity Group increased their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja Price Performance

Shares of NYSE SN opened at $70.09 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $98.77 and its 200 day moving average price is $101.51. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. As a group, research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

About SharkNinja

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.