Milestone Resources Group Ltd Makes New $11.01 Million Investment in SharkNinja, Inc. (NYSE:SN)

Milestone Resources Group Ltd purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,247 shares of the company's stock, valued at approximately $11,007,000. SharkNinja comprises about 0.4% of Milestone Resources Group Ltd's investment portfolio, making the stock its 20th largest position. Milestone Resources Group Ltd owned 0.07% of SharkNinja as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. FMR LLC grew its position 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 buying an additional 3,321,684 shares during the last quarter. William Blair Investment Management LLC acquired a new position in SharkNinja in the second quarter valued at $190,482,000. Baillie Gifford & Co. grew its holdings in shares of SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after purchasing an additional 1,797,578 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of SharkNinja by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock worth $127,450,000 after purchasing an additional 380,926 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of SharkNinja in the 3rd quarter valued at about $114,878,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Price Performance

Shares of NYSE SN traded down $1.37 during midday trading on Friday, hitting $99.67. The company had a trading volume of 634,062 shares, compared to its average volume of 1,208,619. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00. SharkNinja, Inc. has a twelve month low of $45.85 and a twelve month high of $112.93. The business has a 50-day simple moving average of $102.48 and a two-hundred day simple moving average of $91.31. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company's revenue for the quarter was up 33.3% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. Equities research analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on SN shares. Canaccord Genuity Group lifted their price target on SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Morgan Stanley raised their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Oppenheimer assumed coverage on SharkNinja in a report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 target price on the stock. Finally, Guggenheim raised their target price on shares of SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, SharkNinja presently has an average rating of "Moderate Buy" and a consensus target price of $116.39.

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.