CreativeOne Wealth LLC Makes New $665,000 Investment in On Holding AG (NYSE:ONON)

CreativeOne Wealth LLC acquired a new stake in On Holding AG (NYSE:ONON - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,251 shares of the company's stock, valued at approximately $665,000.

A number of other institutional investors also recently bought and sold shares of ONON. Private Trust Co. NA acquired a new position in ON in the 3rd quarter valued at $26,000. Blue Trust Inc. boosted its stake in shares of ON by 319.8% in the third quarter. Blue Trust Inc. now owns 529 shares of the company's stock valued at $27,000 after buying an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock valued at $28,000 after acquiring an additional 400 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of ON during the 3rd quarter worth $29,000. Finally, Quarry LP purchased a new position in shares of ON in the 2nd quarter valued at about $32,000. 33.11% of the stock is currently owned by institutional investors and hedge funds.

ON Trading Up 0.7 %

Shares of ONON traded up $0.43 during mid-day trading on Friday, reaching $58.33. The company had a trading volume of 1,290,222 shares, compared to its average volume of 4,114,978. The stock has a market cap of $36.73 billion, a price-to-earnings ratio of 135.65 and a beta of 2.25. The firm has a fifty day simple moving average of $51.16 and a 200-day simple moving average of $44.91. On Holding AG has a fifty-two week low of $25.78 and a fifty-two week high of $59.19.

Wall Street Analyst Weigh In

ONON has been the topic of several recent analyst reports. UBS Group upped their target price on shares of ON from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Bank of America upgraded ON from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $21.00 to $55.00 in a research report on Monday, September 23rd. HSBC assumed coverage on ON in a research note on Thursday, September 5th. They set a "hold" rating and a $52.00 price target for the company. Barclays increased their price objective on shares of ON from $47.00 to $63.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, Piper Sandler upped their price target on shares of ON from $52.00 to $56.00 and gave the company an "overweight" rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, ON has a consensus rating of "Moderate Buy" and an average price target of $56.05.

ON Company Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.