Susquehanna Fundamental Investments LLC Buys Shares of 108,491 On Holding AG (NYSE:ONON)

Susquehanna Fundamental Investments LLC bought a new stake in On Holding AG (NYSE:ONON - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 108,491 shares of the company's stock, valued at approximately $5,942,000.

Several other hedge funds have also recently bought and sold shares of ONON. Wilmington Savings Fund Society FSB acquired a new stake in shares of ON in the 3rd quarter valued at approximately $259,000. Lord Abbett & CO. LLC boosted its stake in shares of ON by 338.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company's stock valued at $29,834,000 after purchasing an additional 459,157 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of ON by 96.5% in the 3rd quarter. Principal Financial Group Inc. now owns 101,784 shares of the company's stock valued at $5,104,000 after purchasing an additional 49,995 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of ON by 12.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,333 shares of the company's stock valued at $566,000 after purchasing an additional 1,161 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of ON in the 4th quarter valued at approximately $995,000. 36.39% of the stock is owned by institutional investors.

ON Price Performance

Shares of ONON opened at $45.01 on Monday. The stock has a 50-day moving average of $45.37 and a 200-day moving average of $51.49. The company has a market cap of $28.34 billion, a PE ratio of 104.68, a P/E/G ratio of 1.02 and a beta of 2.32. On Holding AG has a one year low of $29.84 and a one year high of $64.05.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ONON. Needham & Company LLC reduced their price target on shares of ON from $64.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Williams Trading raised their price target on shares of ON from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus cut their target price on shares of ON from $66.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Bank of America initiated coverage on shares of ON in a research report on Tuesday, January 7th. They set a "buy" rating and a $73.00 target price on the stock. Finally, KeyCorp reiterated an "overweight" rating and set a $68.00 target price on shares of ON in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $60.00.

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.

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