XTX Topco Ltd acquired a new position in On Holding AG (NYSE:ONON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,817 shares of the company's stock, valued at approximately $592,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in ONON. Strategic Financial Concepts LLC purchased a new stake in ON during the fourth quarter worth $30,000. Legacy Bridge LLC purchased a new stake in shares of ON during the 4th quarter worth about $43,000. Bernard Wealth Management Corp. acquired a new stake in shares of ON during the 4th quarter valued at about $44,000. Arcadia Investment Management Corp MI acquired a new stake in shares of ON during the 4th quarter valued at about $53,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of ON in the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 36.39% of the company's stock.
Wall Street Analyst Weigh In
ONON has been the topic of several research analyst reports. The Goldman Sachs Group lowered ON from a "buy" rating to a "neutral" rating and set a $57.00 price objective on the stock. in a report on Wednesday, February 12th. Bank of America began coverage on shares of ON in a research note on Tuesday, January 7th. They issued a "buy" rating and a $73.00 price target on the stock. Morgan Stanley upped their price objective on shares of ON from $62.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Telsey Advisory Group reiterated an "outperform" rating and issued a $67.00 target price on shares of ON in a research report on Tuesday, April 1st. Finally, KeyCorp restated an "overweight" rating and set a $68.00 price target on shares of ON in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.00.
Get Our Latest Stock Analysis on ON
ON Stock Up 3.2 %
Shares of ONON traded up $1.37 during trading on Wednesday, reaching $44.00. 3,047,095 shares of the company traded hands, compared to its average volume of 5,133,697. The stock has a 50-day simple moving average of $45.84 and a 200-day simple moving average of $51.62. The stock has a market cap of $27.70 billion, a PE ratio of 102.34, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05.
ON Company Profile
(
Free Report)
On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.
See Also
Before you consider ON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ON wasn't on the list.
While ON currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
