Baird Financial Group Inc. increased its holdings in On Holding AG (NYSE:ONON - Free Report) by 66.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,007 shares of the company's stock after buying an additional 39,102 shares during the period. Baird Financial Group Inc.'s holdings in ON were worth $5,368,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Bridge LLC bought a new position in shares of ON in the fourth quarter valued at approximately $43,000. Bernard Wealth Management Corp. bought a new position in ON in the 4th quarter valued at $44,000. Arcadia Investment Management Corp MI bought a new stake in ON during the fourth quarter valued at $53,000. VisionPoint Advisory Group LLC bought a new stake in ON during the fourth quarter valued at $65,000. Finally, Blue Trust Inc. boosted its stake in ON by 148.8% during the fourth quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock valued at $66,000 after buying an additional 787 shares during the period. 36.39% of the stock is owned by institutional investors.
ON Stock Performance
Shares of ON stock traded up $6.10 during midday trading on Tuesday, reaching $57.41. 14,610,382 shares of the company's stock traded hands, compared to its average volume of 4,702,216. The stock has a 50 day moving average of $45.33 and a 200-day moving average of $51.52. The company has a market cap of $36.15 billion, a PE ratio of 133.51, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. On Holding AG has a 12 month low of $33.55 and a 12 month high of $64.05.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Hsbc Global Res upgraded ON from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Telsey Advisory Group reiterated an "outperform" rating and set a $65.00 target price on shares of ON in a research report on Tuesday. Citigroup upgraded shares of ON from a "neutral" rating to a "buy" rating and dropped their target price for the company from $65.00 to $60.00 in a research report on Monday, April 28th. Needham & Company LLC lifted their price objective on shares of ON from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Williams Trading lifted their price target on ON from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $58.18.
Check Out Our Latest Research Report on ONON
ON Company Profile
(
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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.
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