Bank of New York Mellon Corp Sells 17,397 Shares of SharkNinja, Inc. (NYSE:SN)

Bank of New York Mellon Corp trimmed its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,736 shares of the company's stock after selling 17,397 shares during the period. Bank of New York Mellon Corp owned about 0.17% of SharkNinja worth $23,341,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of SharkNinja by 47.5% in the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company's stock valued at $1,120,543,000 after purchasing an additional 3,321,684 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after acquiring an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of SharkNinja in the 3rd quarter valued at about $114,878,000. WCM Investment Management LLC bought a new stake in shares of SharkNinja during the 3rd quarter valued at about $23,874,000. Finally, Hardman Johnston Global Advisors LLC acquired a new stake in SharkNinja during the fourth quarter worth approximately $19,962,000. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SN has been the topic of several recent analyst reports. Morgan Stanley boosted 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. JPMorgan Chase & Co. increased 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. Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group upped their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.50.

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SharkNinja Stock Down 4.6 %

SN traded down $4.20 during midday trading on Thursday, reaching $86.91. 1,432,795 shares of the company were exchanged, compared to its average volume of 1,235,858. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a one year low of $56.10 and a one year high of $123.00. The company's fifty day moving average price is $105.65 and its 200 day moving average price is $102.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly 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 company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

SharkNinja 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.