SharkNinja, Inc. (NYSE:SN) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,842,879 shares of the company's stock after selling 39,936 shares during the quarter. Alliancebernstein L.P. owned 1.32% of SharkNinja worth $179,423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew 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 in the last quarter. Tidal Investments LLC raised its stake in shares of 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 acquiring an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in SharkNinja in the third quarter valued at $5,832,000. Harbor Capital Advisors Inc. grew its stake in SharkNinja by 30.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock worth $11,430,000 after purchasing an additional 27,436 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of SharkNinja by 112.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock valued at $1,066,000 after buying an additional 5,790 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

SharkNinja Stock Performance

Shares of SharkNinja stock traded down $18.63 on Thursday, hitting $69.80. The stock had a trading volume of 8,116,552 shares, compared to its average volume of 1,296,084. The company's 50 day moving average price is $99.57 and its 200 day moving average price is $101.78. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.35 and a beta of 1.24. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 52-week low of $61.00 and a 52-week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current 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.