Newbrook Capital Advisors LP Sells 122,011 Shares of SharkNinja, Inc. (NYSE:SN)

Newbrook Capital Advisors LP lowered its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 268,239 shares of the company's stock after selling 122,011 shares during the period. SharkNinja makes up 3.3% of Newbrook Capital Advisors LP's portfolio, making the stock its 15th biggest position. Newbrook Capital Advisors LP owned approximately 0.19% of SharkNinja worth $26,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SN. Cannell & Spears LLC acquired a new stake in shares of SharkNinja during the fourth quarter worth about $18,125,000. Janney Montgomery Scott LLC raised its position in shares of SharkNinja by 112.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock worth $1,066,000 after purchasing an additional 5,790 shares during the period. FMR LLC raised its position in shares of SharkNinja by 59.8% during the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of SharkNinja during the fourth quarter worth about $37,187,000. Finally, Mawer Investment Management Ltd. raised its position in shares of SharkNinja by 3.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock worth $28,702,000 after purchasing an additional 10,413 shares during the period. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Up 1.3%

Shares of NYSE:SN traded up $1.31 during trading on Friday, hitting $102.00. 1,228,324 shares of the company were exchanged, compared to its average volume of 1,453,575. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The firm has a fifty day moving average price of $82.95 and a two-hundred day moving average price of $95.64. 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $1.06 EPS. The business's quarterly revenue was up 14.7% on a year-over-year basis. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley raised their price target on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Oppenheimer lifted their target price on 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. dropped their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group lifted their target price on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group lifted their target price on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.50.

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.