Y Intercept Hong Kong Ltd Makes New $947,000 Investment in SharkNinja, Inc. (NYSE:SN)

Y Intercept Hong Kong Ltd purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,728 shares of the company's stock, valued at approximately $947,000.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of 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 acquiring an additional 3,321,684 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock valued at $198,464,000 after purchasing an additional 1,797,578 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of SharkNinja during the 3rd quarter worth approximately $114,878,000. WCM Investment Management LLC bought a new position in shares of SharkNinja during the third quarter worth approximately $23,874,000. Finally, Hodges Capital Management Inc. raised its position in shares of SharkNinja by 92.6% in the fourth quarter. Hodges Capital Management Inc. now owns 368,447 shares of the company's stock valued at $35,872,000 after buying an additional 177,169 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Down 5.3 %

Shares of SN stock traded down $5.60 during mid-day trading on Monday, reaching $99.49. 905,636 shares of the stock traded hands, compared to its average volume of 1,135,081. The stock's fifty day simple moving average is $106.45 and its two-hundred day simple moving average is $102.82. SharkNinja, Inc. has a 1-year low of $54.54 and a 1-year high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results 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). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on SN. Morgan Stanley raised their price objective on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price target on SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Jefferies Financial Group upped their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group raised their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.50.

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.