Baltimore Washington Financial Advisors Inc. Has $15.70 Million Stake in On Holding AG (NYSE:ONON)

Baltimore Washington Financial Advisors Inc. reduced its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,635 shares of the company's stock after selling 13,978 shares during the period. Baltimore Washington Financial Advisors Inc.'s holdings in ON were worth $15,699,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ONON. Creative Planning raised its stake in shares of ON by 13.6% during the second quarter. Creative Planning now owns 17,619 shares of the company's stock valued at $684,000 after purchasing an additional 2,115 shares during the period. Quarry LP purchased a new stake in shares of ON during the second quarter valued at approximately $32,000. Truist Financial Corp acquired a new stake in shares of ON during the second quarter valued at about $463,000. Sanctuary Advisors LLC acquired a new stake in shares of ON during the second quarter valued at about $1,108,000. Finally, Park Avenue Securities LLC grew its stake in shares of ON by 19.5% during the third quarter. Park Avenue Securities LLC now owns 13,441 shares of the company's stock valued at $674,000 after acquiring an additional 2,194 shares in the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

ON Stock Up 1.2 %

ON stock traded up $0.68 during mid-day trading on Wednesday, hitting $59.02. The company's stock had a trading volume of 3,053,542 shares, compared to its average volume of 3,384,602. The stock has a market capitalization of $37.16 billion, a P/E ratio of 137.25, a P/E/G ratio of 1.21 and a beta of 2.30. The stock's fifty day moving average price is $57.42 and its two-hundred day moving average price is $50.83. On Holding AG has a twelve month low of $27.02 and a twelve month high of $64.05.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on ON from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. TD Cowen raised their target price on ON from $65.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Robert W. Baird raised their target price on ON from $55.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Telsey Advisory Group restated an "outperform" rating and set a $67.00 target price on shares of ON in a research note on Wednesday, January 15th. Finally, Morgan Stanley raised their target price on ON from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.73.

ON Company Profile

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.