J. Safra Sarasin Holding AG boosted its position in shares of On Holding AG (NYSE:ONON - Free Report) by 40.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,202 shares of the company's stock after purchasing an additional 8,384 shares during the quarter. J. Safra Sarasin Holding AG's holdings in ON were worth $1,599,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Apollon Wealth Management LLC increased its position in ON by 74.0% during the 4th quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company's stock valued at $877,000 after purchasing an additional 6,808 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of ON by 34.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company's stock valued at $76,213,000 after purchasing an additional 349,789 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in ON during the fourth quarter valued at approximately $30,000. Principal Financial Group Inc. raised its stake in ON by 96.5% in the third quarter. Principal Financial Group Inc. now owns 101,784 shares of the company's stock worth $5,104,000 after buying an additional 49,995 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in ON by 102.1% during the fourth quarter. New York State Common Retirement Fund now owns 221,820 shares of the company's stock worth $12,149,000 after buying an additional 112,078 shares during the period. 36.39% of the stock is currently owned by hedge funds and other institutional investors.
ON Stock Performance
NYSE ONON opened at $42.71 on Wednesday. On Holding AG has a fifty-two week low of $29.84 and a fifty-two week high of $64.05. The firm has a market capitalization of $26.89 billion, a P/E ratio of 99.32, a PEG ratio of 1.02 and a beta of 2.32. The stock has a 50-day simple moving average of $46.03 and a two-hundred day simple moving average of $51.68.
Wall Street Analyst Weigh In
ONON has been the subject of several recent research reports. Bank of America initiated coverage on ON in a research report on Tuesday, January 7th. They issued a "buy" rating and a $73.00 price target for the company. 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 report on Wednesday, March 5th. Jefferies Financial Group began coverage on shares of ON in a research report on Tuesday, April 1st. They issued a "hold" rating and a $44.00 price objective on the stock. Stifel Nicolaus decreased their target price on shares of ON from $66.00 to $57.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Hsbc Global Res raised shares of ON from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $60.00.
Check Out Our Latest Stock Report on ONON
ON Company Profile
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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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