Geode Capital Management LLC Has $39.42 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

Geode Capital Management LLC increased its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 404,874 shares of the company's stock after purchasing an additional 37,466 shares during the period. Geode Capital Management LLC owned 0.29% of SharkNinja worth $39,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SN. The Manufacturers Life Insurance Company purchased a new position in SharkNinja in the 3rd quarter valued at about $271,000. Stifel Financial Corp boosted its holdings in 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 during the last quarter. State Street Corp grew its stake in SharkNinja by 17.8% during the 3rd 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. Barclays PLC increased its holdings in SharkNinja by 117.4% during the 3rd quarter. Barclays PLC now owns 8,394 shares of the company's stock worth $913,000 after purchasing an additional 4,533 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in SharkNinja during the third quarter valued at approximately $244,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of NYSE SN traded up $0.59 during trading on Friday, hitting $74.25. The company had a trading volume of 1,342,375 shares, compared to its average volume of 1,393,850. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The business's 50-day moving average is $89.53 and its 200 day moving average is $98.72. The company has a market cap of $10.42 billion, a P/E ratio of 23.87, a PEG ratio of 2.35 and a beta of 1.65. 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 earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.61 billion. Equities research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SN has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group boosted their price target 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 upped their price target 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. Finally, Morgan Stanley raised their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $119.28.

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.