SharkNinja, Inc. (NYSE:SN) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 60.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,730 shares of the company's stock after selling 7,136 shares during the period. WINTON GROUP Ltd's holdings in SharkNinja were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SN. HighTower Advisors LLC lifted its holdings 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 valued at $699,021,000 after purchasing an additional 2,155,136 shares in the last quarter. William Blair Investment Management LLC grew its position in SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after purchasing an additional 590,632 shares during the period. Baillie Gifford & Co. boosted its stake in shares of SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after buying an additional 604,559 shares during the last quarter. State Street Corp lifted its holdings in SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after acquiring an additional 101,020 shares during the period. Finally, Artemis Investment Management LLP grew its stake in shares of SharkNinja by 74.2% during the 4th quarter. Artemis Investment Management LLP now owns 390,757 shares of the company's stock valued at $38,044,000 after purchasing an additional 166,392 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on SN. Canaccord Genuity Group increased their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley lifted their price objective on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their price objective on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. One investment 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $122.50.

SharkNinja Stock Performance

Shares of NYSE:SN traded down $8.33 during trading on Friday, hitting $61.16. 1,120,097 shares of the stock traded hands, compared to its average volume of 1,296,110. The company has a fifty day moving average price of $99.57 and a two-hundred day moving average price of $101.78. SharkNinja, Inc. has a 52-week low of $61.00 and a 52-week high of $123.00. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 2.35 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.61 billion. As a group, equities analysts predict that SharkNinja, Inc. will post 4.52 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.