Knightsbridge Asset Management LLC Trims Holdings in SharkNinja, Inc. (NYSE:SN)

Knightsbridge Asset Management LLC trimmed its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,830 shares of the company's stock after selling 3,302 shares during the quarter. SharkNinja comprises about 2.5% of Knightsbridge Asset Management LLC's holdings, making the stock its 11th largest position. Knightsbridge Asset Management LLC owned 0.08% of SharkNinja worth $10,693,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in shares of SharkNinja by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after buying an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of SharkNinja during the third quarter worth approximately $5,832,000. Harbor Capital Advisors Inc. lifted its holdings in shares of SharkNinja by 30.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock worth $11,430,000 after acquiring an additional 27,436 shares during the last quarter. Cannell & Spears LLC purchased a new stake in shares of SharkNinja in the 4th quarter valued at $18,125,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of SharkNinja by 112.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock valued at $1,066,000 after purchasing an additional 5,790 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Trading Up 1.6 %

SharkNinja stock traded up $1.29 during mid-day trading on Tuesday, reaching $81.39. 1,338,656 shares of the company traded hands, compared to its average volume of 1,637,674. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.35 and a beta of 1.65. The firm's 50 day moving average price is $85.43 and its 200 day moving average price is $97.40.

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 net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. On average, analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Jefferies Financial Group increased their target price on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group decreased their target price on shares of SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, SharkNinja has a consensus rating of "Moderate Buy" and a consensus price target of $116.72.

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.