Bank Julius Baer & Co. Ltd Zurich bought a new stake in On Holding AG (NYSE:ONON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 73,206 shares of the company's stock, valued at approximately $4,425,000.
Other large investors also recently bought and sold shares of the company. Private Trust Co. NA purchased a new stake in ON during the third quarter worth about $26,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of ON during the third quarter worth approximately $29,000. Legacy Bridge LLC purchased a new stake in shares of ON during the fourth quarter worth approximately $43,000. Arcadia Investment Management Corp MI purchased a new stake in shares of ON during the fourth quarter worth approximately $53,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of ON during the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 36.39% of the company's stock.
ON Stock Up 3.5 %
Shares of NYSE ONON traded up $1.56 during mid-day trading on Wednesday, hitting $46.73. 4,334,846 shares of the company were exchanged, compared to its average volume of 4,410,348. The stock has a 50 day simple moving average of $54.48 and a 200-day simple moving average of $52.66. On Holding AG has a 1-year low of $29.84 and a 1-year high of $64.05. The firm has a market cap of $29.42 billion, a price-to-earnings ratio of 108.68, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Citigroup assumed coverage on shares of ON in a research note on Wednesday, December 18th. They set a "neutral" rating and a $65.00 target price on the stock. The Goldman Sachs Group lowered shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 price target on the stock. in a research note on Wednesday, February 12th. HSBC upgraded shares of ON from a "hold" rating to a "buy" rating and set a $58.00 price target on the stock in a research note on Tuesday. Barclays increased their price target on shares of ON from $63.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus increased their price target on shares of ON from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, ON currently has a consensus rating of "Buy" and a consensus price target of $61.90.
View Our Latest Stock Analysis on ONON
ON 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.
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