American Century Companies Inc. Sells 4,012 Shares of SharkNinja, Inc. (NYSE:SN)

American Century Companies Inc. cut its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,473 shares of the company's stock after selling 4,012 shares during the period. American Century Companies Inc. owned approximately 0.21% of SharkNinja worth $28,573,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its stake in shares of SharkNinja by 12.1% during the 4th quarter. Teacher Retirement System of Texas now owns 37,000 shares of the company's stock worth $3,602,000 after purchasing an additional 4,000 shares in the last quarter. Xponance Inc. grew its position in SharkNinja by 11.3% in the 4th quarter. Xponance Inc. now owns 4,053 shares of the company's stock worth $395,000 after purchasing an additional 411 shares during the last quarter. Boston Partners increased its stake in SharkNinja by 10.3% during the fourth quarter. Boston Partners now owns 146,861 shares of the company's stock valued at $14,313,000 after acquiring an additional 13,719 shares during the period. Advisors Asset Management Inc. raised its stake in shares of SharkNinja by 20.3% in the fourth quarter. Advisors Asset Management Inc. now owns 23,830 shares of the company's stock valued at $2,320,000 after purchasing an additional 4,013 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after buying an additional 590,632 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

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SharkNinja Stock Up 5.0 %

SharkNinja stock traded up $4.18 during midday trading on Wednesday, reaching $88.38. The stock had a trading volume of 1,682,359 shares, compared to its average volume of 1,268,257. The company has a market capitalization of $12.37 billion, a P/E ratio of 28.42, a PEG ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a 12 month low of $61.00 and a 12 month high of $123.00. The company has a fifty day moving average price of $100.41 and a two-hundred day moving average price of $102.01. 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 (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. As a group, equities analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.