Sei Investments Co. Raises Position in SharkNinja, Inc. (NYSE:SN)

Sei Investments Co. lifted its stake in SharkNinja, Inc. (NYSE:SN) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,265 shares of the company’s stock after purchasing an additional 6,949 shares during the period. Sei Investments Co. owned 0.07% of SharkNinja worth $10,151,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC increased its position in SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after buying an additional 2,155,136 shares in the last quarter. William Blair Investment Management LLC grew its stake 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 period. Baillie Gifford & Co. increased its holdings 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 acquiring an additional 604,559 shares in the last quarter. State Street Corp raised its stake in SharkNinja by 17.8% during the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after acquiring an additional 101,020 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in SharkNinja by 74.2% during the fourth quarter. Artemis Investment Management LLP now owns 390,757 shares of the company’s stock valued at $38,044,000 after purchasing an additional 166,392 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Price Performance

NYSE:SN opened at $83.74 on Friday. The business’s 50-day moving average is $101.91 and its 200 day moving average is $102.34. SharkNinja, Inc. has a 12 month low of $60.72 and a 12 month high of $123.00. The company has a market capitalization of $11.72 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.35 and a beta of 1.24. 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) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, equities research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective 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. JPMorgan Chase & Co. increased their price target on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley boosted their price objective on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group increased their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, SharkNinja has an average rating of “Moderate Buy” and an average target price of $122.50.

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.