Sharpepoint LLC bought a new position in On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,740 shares of the company's stock, valued at approximately $643,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in ONON. Norges Bank bought a new position in shares of ON during the fourth quarter valued at $164,574,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of ON in the 4th quarter worth $78,799,000. Axiom Investors LLC DE purchased a new position in shares of ON in the fourth quarter worth $39,320,000. Raymond James Financial Inc. bought a new position in shares of ON during the fourth quarter valued at $28,575,000. Finally, Alliancebernstein L.P. increased its holdings in ON by 2.8% in the 4th quarter. Alliancebernstein L.P. now owns 17,378,277 shares of the company's stock worth $951,808,000 after buying an additional 471,805 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.
ON Stock Up 3.0 %
NYSE ONON traded up $1.27 on Wednesday, reaching $43.90. The company had a trading volume of 3,872,415 shares, compared to its average volume of 4,662,310. The firm's 50 day moving average price is $45.84 and its 200 day moving average price is $51.62. On Holding AG has a 12 month low of $29.84 and a 12 month high of $64.05. The stock has a market capitalization of $27.64 billion, a PE ratio of 102.10, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32.
Analyst Upgrades and Downgrades
ONON has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of ON from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Piper Sandler cut their target price on shares of ON from $62.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Bank of America assumed coverage on ON in a report on Tuesday, January 7th. They set a "buy" rating and a $73.00 price target on the stock. Barclays lifted their price objective on ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Finally, Williams Trading raised their target price on ON from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.
Check Out Our Latest Stock Report on ON
About ON
(
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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