SharkNinja, Inc. (NYSE:SN) Holdings Lowered by Barclays PLC

Barclays PLC lessened its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 68.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,640 shares of the company's stock after selling 5,754 shares during the quarter. Barclays PLC's holdings in SharkNinja were worth $257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SN. FMR LLC boosted its position in shares of SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after acquiring an additional 2,155,136 shares during the last quarter. Norges Bank acquired a new position in shares of SharkNinja during the 4th quarter valued at about $100,845,000. Baillie Gifford & Co. boosted its position in shares of SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after acquiring an additional 604,559 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after acquiring an additional 590,632 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Wall Street Analyst Weigh In

SN has been the topic of several recent research reports. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Oppenheimer boosted their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Morgan Stanley upped their target price on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, Guggenheim decreased their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Price Performance

Shares of SN stock traded up $0.65 during mid-day trading on Friday, reaching $101.34. The stock had a trading volume of 160,357 shares, compared to its average volume of 1,448,081. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a market cap of $14.22 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The business has a 50-day simple moving average of $82.69 and a 200 day simple moving average of $95.80. 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 announced its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $1.06 EPS. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.