SharkNinja, Inc. (NYSE:SN) Holdings Decreased by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 47.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 373,790 shares of the company's stock after selling 333,556 shares during the quarter. Wellington Management Group LLP owned approximately 0.27% of SharkNinja worth $40,635,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SN. abrdn plc boosted its stake in SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company's stock valued at $45,621,000 after acquiring an additional 63,299 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of SharkNinja during the third quarter worth about $11,942,000. Advisors Asset Management Inc. lifted its position in shares of SharkNinja by 50.6% during the third quarter. Advisors Asset Management Inc. now owns 19,817 shares of the company's stock worth $2,154,000 after purchasing an additional 6,662 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in SharkNinja by 1,218.0% in the third quarter. Harbor Capital Advisors Inc. now owns 89,967 shares of the company's stock worth $9,780,000 after purchasing an additional 83,141 shares in the last quarter. Finally, WCM Investment Management LLC bought a new position in SharkNinja during the 3rd quarter worth approximately $23,874,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

Shares of SN stock traded down $0.73 during trading hours on Thursday, reaching $100.90. The stock had a trading volume of 477,373 shares, compared to its average volume of 1,209,606. The firm has a market capitalization of $14.12 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00. The firm has a 50-day simple moving average of $102.84 and a 200-day simple moving average of $91.08. SharkNinja, Inc. has a twelve month low of $45.85 and a twelve month high of $112.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95.

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. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja's revenue was up 33.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 earnings per share. As a group, equities analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

SN has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their price target on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a report on Monday, October 21st. Guggenheim boosted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Jefferies Financial Group increased their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Oppenheimer initiated coverage on shares of SharkNinja in a report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.39.

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.