18,164 Shares in On Holding AG (NYSE:ONON) Acquired by Diversified Trust Co

Diversified Trust Co acquired a new stake in On Holding AG (NYSE:ONON - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 18,164 shares of the company's stock, valued at approximately $995,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA bought a new stake in shares of ON during the 3rd quarter valued at $26,000. Blue Trust Inc. increased its stake in shares of ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company's stock valued at $27,000 after acquiring an additional 403 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of ON by 210.5% in the 3rd 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. acquired a new position in ON during the third quarter valued at approximately $29,000. Finally, Quarry LP acquired a new stake in ON in the second quarter worth $32,000. 36.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Bank of America started coverage on shares of ON in a report on Tuesday. They issued a "buy" rating and a $73.00 price target for the company. The Goldman Sachs Group increased their price target on ON from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. TD Cowen boosted their price objective on ON from $65.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday. KeyCorp raised their target price on shares of ON from $47.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, September 26th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $53.00 price target on shares of ON in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.86.

ON Stock Performance

ONON traded up $1.11 during trading hours on Friday, reaching $56.65. The company's stock had a trading volume of 3,307,995 shares, compared to its average volume of 2,770,540. The company's 50-day moving average is $55.10 and its 200-day moving average is $48.02. The firm has a market cap of $35.67 billion, a PE ratio of 131.75 and a beta of 2.30. On Holding AG has a 52 week low of $26.03 and a 52 week high of $60.12.

About ON

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.