On Holding AG (NYSE:ONON) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP boosted its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 419,536 shares of the company's stock after buying an additional 17,362 shares during the quarter. Wasatch Advisors LP owned 0.07% of ON worth $21,040,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. PDT Partners LLC purchased a new position in ON in the third quarter valued at $1,120,000. Verition Fund Management LLC increased its holdings in shares of ON by 94.0% in the 3rd quarter. Verition Fund Management LLC now owns 125,878 shares of the company's stock valued at $6,313,000 after acquiring an additional 60,976 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of ON by 5.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 58,339 shares of the company's stock worth $2,926,000 after acquiring an additional 2,755 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in ON during the third quarter worth approximately $1,128,000. Finally, CreativeOne Wealth LLC purchased a new position in ON in the third quarter valued at approximately $665,000. Hedge funds and other institutional investors own 33.11% of the company's stock.

ON Trading Up 0.7 %

Shares of NYSE:ONON traded up $0.43 during midday trading on Friday, hitting $58.33. 1,290,222 shares of the stock were exchanged, compared to its average volume of 4,114,978. On Holding AG has a twelve month low of $25.78 and a twelve month high of $59.19. The company has a 50 day moving average price of $51.16 and a 200-day moving average price of $44.97. The stock has a market cap of $36.73 billion, a P/E ratio of 135.65 and a beta of 2.25.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ONON. UBS Group upped their target price on shares of ON from $61.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. TD Cowen boosted their target price on ON from $58.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Evercore ISI raised ON to an "overweight" rating and lifted their price target for the stock from $43.00 to $47.00 in a research report on Monday, August 12th. Truist Financial increased their price objective on ON from $58.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC assumed coverage on shares of ON in a report on Friday, November 22nd. They issued a "buy" rating and a $64.00 target price on the stock. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $56.05.

ON Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.