Bank of America Corp DE Sells 145,015 Shares of SharkNinja, Inc. (NYSE:SN)

Bank of America Corp DE decreased its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 43.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,176 shares of the company's stock after selling 145,015 shares during the period. Bank of America Corp DE owned about 0.14% of SharkNinja worth $18,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SN. Apis Capital Advisors LLC grew its position in shares of SharkNinja by 28.1% in the fourth quarter. Apis Capital Advisors LLC now owns 219,200 shares of the company's stock valued at $21,341,000 after purchasing an additional 48,100 shares during the last quarter. Alua Capital Management LP boosted its holdings in shares of SharkNinja by 17.5% in the 4th quarter. Alua Capital Management LP now owns 1,042,489 shares of the company's stock valued at $101,497,000 after purchasing an additional 155,605 shares in the last quarter. Metavasi Capital LP acquired a new stake in shares of SharkNinja in the 4th quarter valued at $10,710,000. Palestra Capital Management LLC boosted its holdings in shares of SharkNinja by 83.4% in the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock valued at $173,377,000 after purchasing an additional 809,960 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of SharkNinja by 126.8% during the 4th quarter. AQR Capital Management LLC now owns 101,823 shares of the company's stock valued at $9,812,000 after acquiring an additional 56,927 shares in the last quarter. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

Shares of NYSE:SN traded down $0.98 during mid-day trading on Monday, reaching $94.39. The company had a trading volume of 1,301,279 shares, compared to its average volume of 1,456,413. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.35 and a beta of 1.68. The company's 50-day moving average price is $83.95 and its 200-day moving average price is $95.78. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the firm posted $1.06 EPS. SharkNinja's revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SN shares. Guggenheim cut their price objective on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Canaccord Genuity Group lifted their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group boosted their target price on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. cut their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, SharkNinja has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

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.