Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in On Holding AG (NYSE:ONON - Free Report) by 472.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,800 shares of the company's stock after acquiring an additional 37,804 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in ON were worth $2,508,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of ONON. Private Trust Co. NA purchased a new position in ON in the third quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. purchased a new position in ON in the third quarter valued at approximately $29,000. Strategic Financial Concepts LLC purchased a new position in ON in the fourth quarter valued at approximately $30,000. Legacy Bridge LLC purchased a new position in ON in the fourth quarter valued at approximately $43,000. Finally, Arcadia Investment Management Corp MI purchased a new position in ON in the fourth quarter valued at approximately $53,000. 36.39% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have issued reports on ONON. HSBC upgraded ON from a "hold" rating to a "buy" rating and set a $58.00 target price on the stock in a research report on Tuesday, March 11th. KeyCorp restated an "overweight" rating and set a $68.00 target price on shares of ON in a research report on Wednesday, March 5th. Bank of America began coverage on ON in a research report on Tuesday, January 7th. They set a "buy" rating and a $73.00 target price on the stock. Raymond James upgraded ON from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $58.00 to $63.00 in a research report on Thursday, November 21st. Finally, UBS Group increased their target price on ON from $65.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, ON currently has an average rating of "Buy" and an average price target of $61.90.
Get Our Latest Report on ONON
ON Trading Down 3.2 %
Shares of NYSE:ONON traded down $1.52 on Thursday, reaching $45.56. 4,398,687 shares of the company traded hands, compared to its average volume of 4,341,420. The business's 50-day simple moving average is $53.63 and its 200 day simple moving average is $52.66. On Holding AG has a 52 week low of $29.84 and a 52 week high of $64.05. The stock has a market capitalization of $28.68 billion, a P/E ratio of 105.94, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35.
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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