SharkNinja, Inc. (NYSE:SN) Shares Sold by Newbrook Capital Advisors LP

Newbrook Capital Advisors LP decreased its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 268,239 shares of the company's stock after selling 122,011 shares during the quarter. SharkNinja makes up 3.3% of Newbrook Capital Advisors LP's holdings, making the stock its 15th biggest position. Newbrook Capital Advisors LP owned about 0.19% of SharkNinja worth $26,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SN. FMR LLC boosted its holdings in SharkNinja by 59.8% in the 4th 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 raised its stake in shares of SharkNinja by 42.9% in 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 period. Norges Bank purchased a new stake in shares of SharkNinja in the 4th quarter valued at approximately $100,845,000. Palestra Capital Management LLC raised its stake 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 acquiring an additional 809,960 shares during the period. Finally, Greenvale Capital LLP purchased a new stake in shares of SharkNinja in the 4th quarter valued at approximately $73,020,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

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

SharkNinja Stock Down 1.4%

Shares of SharkNinja stock traded down $1.47 during trading hours on Monday, hitting $100.61. The company had a trading volume of 362,552 shares, compared to its average volume of 1,449,307. The company's 50-day moving average is $82.95 and its two-hundred day moving average is $95.66. 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. The company has a market cap of $14.19 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68.

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