Artisan Partners Limited Partnership Has $62.92 Million Holdings in SharkNinja, Inc. (NYSE:SN)

Artisan Partners Limited Partnership lessened its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 33.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 646,211 shares of the company's stock after selling 331,165 shares during the period. Artisan Partners Limited Partnership owned 0.46% of SharkNinja worth $62,915,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. FMR LLC grew its holdings in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company's stock worth $1,120,543,000 after acquiring an additional 3,321,684 shares during the period. HighTower Advisors LLC boosted its position in shares of 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 in the last quarter. William Blair Investment Management LLC grew its position in shares of 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. Baillie Gifford & Co. increased its holdings in SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after purchasing an additional 604,559 shares in the last quarter. Finally, State Street Corp boosted its holdings in SharkNinja by 17.8% during the third quarter. State Street Corp now owns 667,003 shares of the company's stock worth $72,510,000 after purchasing an additional 101,020 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley upped their price target 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. Jefferies Financial Group upped their price objective on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Canaccord Genuity Group raised their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. One investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.50.

SharkNinja Trading Down 1.1 %

Shares of SharkNinja stock traded down $0.92 during trading on Monday, hitting $83.10. The company's stock had a trading volume of 599,955 shares, compared to its average volume of 1,262,075. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. 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 $60.72 and a 52 week high of $123.00. The stock has a 50-day moving average price of $101.91 and a two-hundred day moving average price of $102.37.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.