LPL Financial LLC Increases Stock Holdings in On Holding AG (NYSE:ONON)

LPL Financial LLC lifted its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 441,922 shares of the company's stock after acquiring an additional 16,129 shares during the period. LPL Financial LLC owned approximately 0.07% of ON worth $24,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Advisors Inc. OK grew its position in shares of ON by 3.2% during the 4th quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company's stock valued at $350,000 after acquiring an additional 200 shares during the period. Concurrent Investment Advisors LLC boosted its stake in ON by 2.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock worth $516,000 after purchasing an additional 259 shares during the period. Atria Investments Inc grew its holdings in ON by 6.6% during the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company's stock valued at $302,000 after buying an additional 341 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in ON by 3.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 10,708 shares of the company's stock worth $586,000 after acquiring an additional 373 shares during the period. Finally, Harbour Investments Inc. increased its holdings in shares of ON by 24.1% in the fourth quarter. Harbour Investments Inc. now owns 1,928 shares of the company's stock worth $106,000 after purchasing an additional 375 shares during the period. 36.39% of the stock is owned by hedge funds and other institutional investors.

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ON Stock Down 2.8 %

ON stock traded down $1.23 during trading on Tuesday, reaching $42.69. The stock had a trading volume of 6,545,075 shares, compared to its average volume of 4,388,641. On Holding AG has a 52-week low of $29.84 and a 52-week high of $64.05. The business has a 50 day moving average price of $51.85 and a 200 day moving average price of $52.68. The stock has a market cap of $26.88 billion, a PE ratio of 99.28, a P/E/G ratio of 1.02 and a beta of 2.35.

Analyst Ratings Changes

Several brokerages have recently commented on ONON. KeyCorp reiterated an "overweight" rating and set a $68.00 price objective on shares of ON in a research report on Wednesday, March 5th. UBS Group boosted their price target on ON from $65.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Hsbc Global Res raised shares of ON from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Williams Trading upped their target price on ON from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus upped their target price on shares of ON from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.45.

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.