On Holding AG (NYSE:ONON) Holdings Lifted by LPL Financial LLC

LPL Financial LLC lifted its position in shares of On Holding AG (NYSE:ONON - Free Report) by 3.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 441,922 shares of the company's stock after purchasing an additional 16,129 shares during the quarter. LPL Financial LLC owned about 0.07% of ON worth $24,204,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in ON in the fourth quarter valued at about $28,575,000. Lord Abbett & CO. LLC grew its stake in shares of ON by 338.3% in the third quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company's stock valued at $29,834,000 after buying an additional 459,157 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of ON by 27.4% during the 4th quarter. Jennison Associates LLC now owns 2,049,644 shares of the company's stock valued at $112,259,000 after buying an additional 440,685 shares during the period. Allspring Global Investments Holdings LLC lifted its position in ON by 34.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company's stock worth $76,213,000 after acquiring an additional 349,789 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in ON by 78.0% in the 4th quarter. Sei Investments Co. now owns 490,503 shares of the company's stock worth $26,865,000 after acquiring an additional 214,909 shares during the period. Institutional investors and hedge funds own 36.39% of the company's stock.

Wall Street Analysts Forecast Growth

ONON has been the topic of a number of analyst reports. Citigroup assumed coverage on shares of ON in a research report on Wednesday, December 18th. They set a "neutral" rating and a $65.00 target price on the stock. Hsbc Global Res upgraded shares of ON from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. KeyCorp restated an "overweight" rating and set a $68.00 target price on shares of ON in a research note on Wednesday, March 5th. Barclays boosted their price target on ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Finally, UBS Group raised their price objective on ON from $65.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, ON currently has an average rating of "Moderate Buy" and an average target price of $60.45.

ON Price Performance

NYSE:ONON traded up $1.91 during midday trading on Friday, reaching $39.56. 20,421,911 shares of the company traded hands, compared to its average volume of 4,531,054. The firm has a market capitalization of $24.91 billion, a price-to-earnings ratio of 92.00, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. The company has a fifty day moving average price of $50.36 and a 200 day moving average price of $52.40. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05.

ON Company Profile

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.