Alliancebernstein L.P. Has $179.42 Million Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Alliancebernstein L.P. lowered its stake in SharkNinja, Inc. (NYSE:SN) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,842,879 shares of the company’s stock after selling 39,936 shares during the quarter. Alliancebernstein L.P. owned about 1.32% of SharkNinja worth $179,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new position in SharkNinja in the third quarter valued at about $271,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of SharkNinja by 306.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,404 shares of the company’s stock valued at $3,523,000 after acquiring an additional 24,423 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $554,000. Concentric Capital Strategies LP bought a new position in SharkNinja during the 3rd quarter worth approximately $1,991,000. Finally, Holocene Advisors LP boosted its stake in SharkNinja by 51.7% during the 3rd quarter. Holocene Advisors LP now owns 118,028 shares of the company’s stock worth $12,831,000 after acquiring an additional 40,220 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on SN shares. Jefferies Financial Group upped their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley raised their price objective on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Canaccord Genuity Group boosted their target price on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $84.15 on Wednesday. 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 firm has a market cap of $11.78 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The stock’s 50-day moving average is $100.87 and its 200-day moving average is $102.10. SharkNinja, Inc. has a one year low of $60.72 and a one year high of $123.00.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. Equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.