On Holding AG (NYSE:ONON) Shares Purchased by Axa S.A.

AXA S.A. increased its position in shares of On Holding AG (NYSE:ONON - Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 684,794 shares of the company's stock after acquiring an additional 33,100 shares during the period. AXA S.A. owned approximately 0.11% of ON worth $37,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in ON during the 3rd quarter valued at $259,000. Central Pacific Bank Trust Division lifted its stake in shares of ON by 12.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,333 shares of the company's stock worth $566,000 after buying an additional 1,161 shares in the last quarter. Diversified Trust Co purchased a new position in shares of ON in the fourth quarter worth $995,000. Watts Gwilliam & Co. LLC grew its stake in shares of ON by 3.7% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 64,830 shares of the company's stock worth $3,584,000 after acquiring an additional 2,330 shares during the period. Finally, Tsfg LLC lifted its holdings in shares of ON by 143.6% during the 4th quarter. Tsfg LLC now owns 3,338 shares of the company's stock valued at $183,000 after buying an additional 1,968 shares during the period. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

ON Stock Down 0.2 %

ON stock traded down $0.08 during mid-day trading on Friday, reaching $49.64. 1,310,758 shares of the company's stock were exchanged, compared to its average volume of 4,691,602. The company has a fifty day moving average of $45.23 and a 200-day moving average of $51.41. The company has a market cap of $31.26 billion, a P/E ratio of 115.44, a P/E/G ratio of 1.02 and a beta of 2.30. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05.

Wall Street Analyst Weigh In

Several research firms have recently commented on ONON. Citigroup raised shares of ON from a "neutral" rating to a "buy" rating and reduced their price target for the company from $65.00 to $60.00 in a research report on Monday, April 28th. Piper Sandler reduced their price objective on ON from $62.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. UBS Group upped their price target on ON from $56.00 to $59.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. HSBC upgraded ON from a "hold" rating to a "buy" rating and set a $58.00 price objective for the company in a research note on Tuesday, March 11th. Finally, Morgan Stanley dropped their price target on shares of ON from $66.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, ON presently has an average rating of "Buy" and a consensus price target of $58.73.

ON Profile

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.