SharkNinja, Inc. (NYSE:SN) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd decreased its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 57.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,142 shares of the company's stock after selling 16,314 shares during the quarter. Quadrature Capital Ltd's holdings in SharkNinja were worth $1,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its position in SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company's stock valued at $1,120,543,000 after buying an additional 3,321,684 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of SharkNinja in the 2nd quarter valued at approximately $190,482,000. Baillie Gifford & Co. lifted its holdings in shares of SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after acquiring an additional 1,797,578 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of SharkNinja during the 3rd quarter worth approximately $114,878,000. Finally, Thrivent Financial for Lutherans increased its holdings in SharkNinja by 29.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock valued at $127,450,000 after purchasing an additional 380,926 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SN shares. The Goldman Sachs Group upped their price target on SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Jefferies Financial Group raised their target price on SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Bank of America raised their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Finally, Morgan Stanley increased their price objective on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.39.

SharkNinja Stock Down 0.8 %

Shares of NYSE:SN traded down $0.80 on Friday, hitting $100.87. 1,098,258 shares of the company's stock were exchanged, compared to its average volume of 1,412,535. SharkNinja, Inc. has a 1-year low of $45.85 and a 1-year high of $112.93. The company has a market capitalization of $14.12 billion, a PE ratio of 39.56, a P/E/G ratio of 1.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The firm's 50-day moving average is $103.30 and its 200 day moving average is $90.57.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The firm's revenue was up 33.3% on a year-over-year basis. Sell-side analysts predict that SharkNinja, Inc. will post 3.88 EPS for the current year.

SharkNinja Company 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.