SharkNinja, Inc. (NYSE:SN) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 1,218.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,967 shares of the company's stock after purchasing an additional 83,141 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.06% of SharkNinja worth $9,780,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new position in shares of SharkNinja in the second quarter worth about $190,482,000. Thrivent Financial for Lutherans increased its holdings in shares of SharkNinja by 29.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock valued at $127,450,000 after purchasing an additional 380,926 shares during the last quarter. Wolf Hill Capital Management LP grew its holdings in SharkNinja by 4.1% in the 1st quarter. Wolf Hill Capital Management LP now owns 1,405,343 shares of the company's stock valued at $87,539,000 after buying an additional 55,974 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of SharkNinja in the 1st quarter worth $62,309,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of SharkNinja by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company's stock worth $56,401,000 after acquiring an additional 14,140 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 3.4 %

Shares of SharkNinja stock traded down $3.09 during trading hours on Friday, reaching $89.12. 4,760,236 shares of the company were exchanged, compared to its average volume of 1,337,842. The firm has a market cap of $12.47 billion, a PE ratio of 34.95, a PEG ratio of 1.60 and a beta of 1.04. The stock's fifty day moving average is $103.41 and its 200 day moving average is $85.13. SharkNinja, Inc. has a 1 year low of $41.12 and a 1 year high of $112.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 33.74% and a net margin of 7.02%. SharkNinja's revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. As a group, equities research analysts forecast that SharkNinja, Inc. will post 3.9 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SN shares. 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. JPMorgan Chase & Co. lowered their price objective on SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday. The Goldman Sachs Group upped their price target on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Bank of America boosted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group boosted their price target on shares of SharkNinja from $126.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, SharkNinja has an average rating of "Moderate Buy" and a consensus price target of $110.85.

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.