Wellington Management Group LLP Has $53.53 Million Holdings in SharkNinja, Inc. (NYSE:SN)

Wellington Management Group LLP increased its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 47.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 549,768 shares of the company's stock after buying an additional 175,978 shares during the period. Wellington Management Group LLP owned 0.39% of SharkNinja worth $53,525,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SN. HighTower Advisors LLC boosted its holdings in shares of SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after buying an additional 2,155,136 shares during the period. Norges Bank bought a new stake in SharkNinja in the 4th quarter valued at $100,845,000. Baillie Gifford & Co. boosted its holdings in SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after purchasing an additional 604,559 shares during the period. William Blair Investment Management LLC boosted its holdings in SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after purchasing an additional 590,632 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in SharkNinja in the 4th quarter valued at $37,187,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Trading Down 8.2 %

SharkNinja stock traded down $6.49 during midday trading on Thursday, hitting $72.26. 747,761 shares of the stock were exchanged, compared to its average volume of 1,364,444. The company has a fifty day simple moving average of $94.76 and a two-hundred day simple moving average of $100.40. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The stock has a market capitalization of $10.14 billion, a PE ratio of 23.27, a P/E/G ratio of 2.35 and a beta of 1.65. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.61 billion. Equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SN. JPMorgan Chase & Co. increased their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. 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 report on Friday, February 14th. Morgan Stanley increased their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group increased their target price 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.50.

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.