Millennium Management LLC Has $40.27 Million Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Millennium Management LLC lessened its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 413,636 shares of the company's stock after selling 133,313 shares during the quarter. Millennium Management LLC owned about 0.30% of SharkNinja worth $40,272,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its position in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after purchasing an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC boosted its stake in 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 purchasing an additional 2,155,136 shares during the period. William Blair Investment Management LLC grew its holdings 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 valued at $275,270,000 after buying an additional 590,632 shares during the last quarter. Baillie Gifford & Co. increased its position in 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 period. Finally, Palestra Capital Management LLC lifted its holdings in shares of SharkNinja by 83.4% during the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after buying an additional 809,960 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Price Performance

Shares of SharkNinja stock traded down $0.53 during trading on Tuesday, hitting $100.62. 823,353 shares of the company's stock traded hands, compared to its average volume of 1,451,621. The company has a market cap of $14.19 billion, a PE ratio of 32.35, a PEG ratio of 2.35 and a beta of 1.68. The firm's fifty day moving average price is $83.42 and its 200 day moving average price is $95.78. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN - Get Free Report) last announced 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 firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the company earned $1.06 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

SN has been the topic of several research analyst reports. Oppenheimer raised their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Morgan Stanley raised their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Canaccord Genuity Group upped their price objective 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. Guggenheim reduced their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $121.50.

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.