Sei Investments Co. Buys 214,909 Shares of On Holding AG (NYSE:ONON)

Sei Investments Co. boosted its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 78.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 490,503 shares of the company's stock after buying an additional 214,909 shares during the period. Sei Investments Co. owned approximately 0.08% of ON worth $26,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC increased its position in shares of ON by 74.0% during the fourth quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company's stock valued at $877,000 after acquiring an additional 6,808 shares in the last quarter. RB Capital Management LLC boosted its stake in ON by 214.8% during the 3rd quarter. RB Capital Management LLC now owns 22,426 shares of the company's stock valued at $1,125,000 after purchasing an additional 15,303 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of ON by 34.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company's stock worth $76,213,000 after purchasing an additional 349,789 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of ON in the fourth quarter worth $30,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of ON by 584.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company's stock valued at $4,195,000 after purchasing an additional 71,436 shares in the last quarter. Institutional investors own 36.39% of the company's stock.

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ON Stock Performance

Shares of ONON traded down $1.91 during mid-day trading on Friday, reaching $44.10. The stock had a trading volume of 4,702,171 shares, compared to its average volume of 4,371,741. The firm has a market cap of $27.76 billion, a price-to-earnings ratio of 102.55, a PEG ratio of 1.02 and a beta of 2.35. On Holding AG has a 12 month low of $29.84 and a 12 month high of $64.05. The business has a fifty day moving average of $52.13 and a 200 day moving average of $52.67.

Wall Street Analyst Weigh In

Several research firms recently commented on ONON. The Goldman Sachs Group downgraded ON from a "buy" rating to a "neutral" rating and set a $57.00 price objective for the company. in a report on Wednesday, February 12th. KeyCorp reissued an "overweight" rating and set a $68.00 price objective on shares of ON in a report on Wednesday, March 5th. Needham & Company LLC restated a "buy" rating and issued a $64.00 target price on shares of ON in a report on Tuesday, March 4th. Morgan Stanley lifted their target price on shares of ON from $62.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus raised their price target on ON from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $61.90.

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.