Y.D. More Investments Ltd Increases Holdings in On Holding AG (NYSE:ONON)

Y.D. More Investments Ltd boosted its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 67.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,660 shares of the company's stock after buying an additional 9,130 shares during the quarter. Y.D. More Investments Ltd's holdings in ON were worth $1,241,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ONON. Private Trust Co. NA acquired a new stake in shares of ON in the third quarter valued at approximately $26,000. Blue Trust Inc. increased its stake in shares of ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company's stock valued at $27,000 after purchasing an additional 403 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock worth $28,000 after buying an additional 400 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of ON in the third quarter worth about $29,000. Finally, Legacy Bridge LLC acquired a new stake in ON in the fourth quarter valued at approximately $43,000. Institutional investors own 36.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ONON shares. BTIG Research upgraded ON from a "neutral" rating to a "buy" rating and set a $64.00 price objective on the stock in a research report on Wednesday, November 13th. Raymond James upgraded shares of ON from an "outperform" rating to a "strong-buy" rating and lifted their target price for the stock from $58.00 to $63.00 in a research report on Thursday, November 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $67.00 price target on shares of ON in a research note on Wednesday, January 15th. Citigroup assumed coverage on ON in a report on Wednesday, December 18th. They issued a "neutral" rating and a $65.00 price objective for the company. Finally, Barclays upped their target price on ON from $47.00 to $63.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.73.

ON Stock Up 1.2 %

ONON traded up $0.68 during trading on Wednesday, reaching $59.02. 3,053,542 shares of the company were exchanged, compared to its average volume of 3,384,602. On Holding AG has a 12-month low of $27.02 and a 12-month high of $64.05. The company's 50-day moving average is $57.42 and its two-hundred day moving average is $50.83. The company has a market cap of $37.16 billion, a price-to-earnings ratio of 137.25, a P/E/G ratio of 1.21 and a beta of 2.30.

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.