SharkNinja, Inc. (NYSE:SN) Shares Acquired by Fmr LLC

FMR LLC increased its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 59.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,467,858 shares of the company's stock after buying an additional 6,160,226 shares during the quarter. FMR LLC owned about 11.77% of SharkNinja worth $1,603,311,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of SharkNinja in the fourth quarter valued at approximately $55,000. SG Americas Securities LLC purchased a new position in SharkNinja during the 4th quarter worth $171,000. First Dallas Securities Inc. acquired a new stake in shares of SharkNinja in the 3rd quarter worth $215,000. World Investment Advisors LLC purchased a new stake in shares of SharkNinja in the third quarter valued at about $244,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of SharkNinja in the third quarter valued at about $271,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Price Performance

NYSE:SN traded up $0.74 during mid-day trading on Friday, hitting $73.55. 2,038,811 shares of the company's stock traded hands, compared to its average volume of 1,380,885. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The company has a market cap of $10.32 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The firm's 50 day simple moving average is $93.27 and its 200 day simple moving average is $99.94. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Sell-side analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SN shares. Jefferies Financial Group lifted 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. Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.28.

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.