William Blair Investment Management LLC grew its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,827,340 shares of the company's stock after purchasing an additional 590,632 shares during the quarter. SharkNinja makes up 0.7% of William Blair Investment Management LLC's portfolio, making the stock its 26th largest holding. William Blair Investment Management LLC owned about 2.02% of SharkNinja worth $275,270,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC grew 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 acquiring an additional 2,155,136 shares during the last quarter. Raymond James Financial Inc. bought a new position in SharkNinja in the 4th quarter worth about $37,187,000. Aigen Investment Management LP grew its position in SharkNinja by 25.3% in the 4th quarter. Aigen Investment Management LP now owns 6,334 shares of the company's stock worth $617,000 after purchasing an additional 1,279 shares during the last quarter. LVZ Inc. increased its stake in shares of SharkNinja by 22.5% in the fourth quarter. LVZ Inc. now owns 5,024 shares of the company's stock valued at $489,000 after purchasing an additional 922 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of SharkNinja by 6.5% during the fourth quarter. Assetmark Inc. now owns 5,166 shares of the company's stock valued at $503,000 after buying an additional 316 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.
SharkNinja Price Performance
Shares of NYSE SN traded down $1.46 during midday trading on Friday, reaching $87.95. The company's stock had a trading volume of 1,396,758 shares, compared to its average volume of 1,230,256. SharkNinja, Inc. has a one year low of $59.12 and a one year high of $123.00. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company has a 50 day moving average price of $104.18 and a 200 day moving average price of $102.63. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.
SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. On average, equities research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Jefferies Financial Group increased their price target on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a research report 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $122.50.
Read Our Latest Research Report on SN
About SharkNinja
(
Free Report)
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.
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