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

Fmr LLC raised its position in SharkNinja, Inc. (NYSE:SN) by 59.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,467,858 shares of the company’s stock after acquiring an additional 6,160,226 shares during the quarter. Fmr LLC owned approximately 11.77% of SharkNinja worth $1,603,311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stifel Financial Corp grew its holdings in shares of SharkNinja by 2.1% in the third quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock valued at $521,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of SharkNinja by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock worth $413,000 after acquiring an additional 219 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of SharkNinja by 6.4% during the fourth quarter. Avior Wealth Management LLC now owns 5,139 shares of the company’s stock worth $500,000 after acquiring an additional 310 shares during the period. Assetmark Inc. raised its stake in shares of SharkNinja by 6.5% in the fourth quarter. Assetmark Inc. now owns 5,166 shares of the company’s stock valued at $503,000 after acquiring an additional 316 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in SharkNinja by 11.3% in the fourth quarter. Xponance Inc. now owns 4,053 shares of the company’s stock valued at $395,000 after purchasing an additional 411 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SN. Canaccord Genuity Group upped their price target on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped 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. Morgan Stanley lifted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja Stock Up 0.9 %

Shares of NYSE:SN opened at $70.09 on Monday. The firm has a 50 day simple moving average of $98.77 and a 200-day simple moving average of $101.51. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. 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 has a market capitalization of $9.81 billion, a PE ratio of 22.54, a P/E/G ratio of 2.35 and a beta of 1.24.

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

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.