Okabena Investment Services Inc. Decreases Stake in SharkNinja, Inc. (NYSE:SN)

Okabena Investment Services Inc. decreased its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,143 shares of the company's stock after selling 3,776 shares during the period. Okabena Investment Services Inc.'s holdings in SharkNinja were worth $793,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC raised its stake in SharkNinja by 42.9% during the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after purchasing an additional 2,155,136 shares during the period. William Blair Investment Management LLC increased its holdings in shares of SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after buying an additional 590,632 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after buying an additional 604,559 shares during the period. Norges Bank acquired a new position in SharkNinja in the fourth quarter valued at approximately $100,845,000. Finally, State Street Corp grew its position in SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company's stock worth $72,510,000 after acquiring an additional 101,020 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have commented on SN shares. Morgan Stanley lifted their target price on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Canaccord Genuity Group increased their target price 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, JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.50.

SharkNinja Trading Up 4.8 %

NYSE:SN traded up $4.02 on Wednesday, reaching $88.22. 946,745 shares of the company's stock were exchanged, compared to its average volume of 1,263,908. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a 52-week low of $60.72 and a 52-week high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $100.87 and a 200-day moving average of $102.10.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share 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 business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. As a group, analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

About SharkNinja

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.