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

Bank of America Corp DE lowered its stake in shares of SharkNinja, Inc. (NYSE:SN) by 43.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,176 shares of the company’s stock after selling 145,015 shares during the quarter. Bank of America Corp DE owned about 0.14% of SharkNinja worth $18,418,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SN. FMR LLC boosted its stake in shares of 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 in the last quarter. HighTower Advisors LLC boosted 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 valued at $699,021,000 after buying an additional 2,155,136 shares in the last quarter. Norges Bank bought a new stake in shares of SharkNinja during the fourth quarter worth $100,845,000. Palestra Capital Management LLC increased 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 in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock valued at $236,603,000 after acquiring an additional 604,559 shares during the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SN shares. Jefferies Financial Group boosted their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Oppenheimer boosted their price target on SharkNinja from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Guggenheim dropped their price objective on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, May 9th. The Goldman Sachs Group lifted their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Finally, Canaccord Genuity Group upped their price target 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $121.50.

SharkNinja Stock Down 0.5%

Shares of NYSE SN opened at $100.62 on Wednesday. The company’s 50 day moving average price is $83.42 and its 200-day moving average price is $95.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00. The company has a market capitalization of $14.19 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN) last released 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business earned $1.06 earnings per share. SharkNinja’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current 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.