Harvest Fund Management Co. Ltd bought a new position in shares of On Holding AG (NYSE:ONON - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,127 shares of the company's stock, valued at approximately $658,000.
Several other institutional investors have also modified their holdings of ONON. Blue Trust Inc. lifted its holdings in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company's stock valued at $27,000 after purchasing an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock valued at $28,000 after purchasing an additional 400 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of ON during the 3rd quarter valued at about $29,000. Quarry LP bought a new position in shares of ON during the 2nd quarter valued at about $32,000. Finally, MFA Wealth Advisors LLC bought a new position in shares of ON during the 3rd quarter valued at about $50,000. Institutional investors own 33.11% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ONON. Stifel Nicolaus lifted their price objective on ON from $45.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Robert W. Baird lifted their target price on ON from $55.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Raymond James raised ON from an "outperform" rating to a "strong-buy" rating and lifted their target price for the company from $58.00 to $63.00 in a research report on Thursday, November 21st. Bank of America raised ON from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $21.00 to $55.00 in a research report on Monday, September 23rd. Finally, The Goldman Sachs Group lifted their target price on ON from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ON currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.05.
Get Our Latest Stock Report on ONON
ON Stock Down 0.8 %
Shares of ONON stock traded down $0.49 during trading on Tuesday, reaching $57.98. 2,505,732 shares of the company's stock were exchanged, compared to its average volume of 4,934,091. The stock has a market capitalization of $36.51 billion, a PE ratio of 136.07 and a beta of 2.25. On Holding AG has a twelve month low of $25.78 and a twelve month high of $59.19. The firm's fifty day moving average price is $50.52 and its 200-day moving average price is $44.27.
ON Company Profile
(
Free Report)
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.
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 major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
