Jennison Associates LLC trimmed its position in On Holding AG (NYSE:ONON - Free Report) by 27.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,608,959 shares of the company's stock after selling 595,567 shares during the period. Jennison Associates LLC owned approximately 0.26% of ON worth $80,689,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of ON in the third quarter valued at approximately $29,000. RiverPark Advisors LLC purchased a new stake in shares of ON during the 3rd quarter worth $175,000. Accredited Investors Inc. purchased a new position in shares of ON in the 3rd quarter valued at about $256,000. River Street Advisors LLC acquired a new stake in shares of ON in the third quarter valued at about $183,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in ON during the third quarter worth about $254,000. Hedge funds and other institutional investors own 33.11% of the company's stock.
ON Price Performance
NYSE ONON opened at $55.24 on Thursday. The company has a 50-day moving average of $50.01 and a 200-day moving average of $43.68. On Holding AG has a 12 month low of $25.78 and a 12 month high of $56.44. The company has a market cap of $34.78 billion, a P/E ratio of 125.00 and a beta of 2.25.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on ONON shares. Evercore ISI upgraded ON to an "overweight" rating and upped their price target for the stock from $43.00 to $47.00 in a report on Monday, August 12th. Stifel Nicolaus upped their target price on ON from $45.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Hsbc Global Res raised ON to a "hold" rating in a research note on Thursday, September 5th. The Goldman Sachs Group boosted their price objective on shares of ON from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $53.00 target price on shares of ON in a report on Tuesday, November 12th. Four investment 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.14.
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ON 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.
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