BNP Paribas Financial Markets Acquires New Shares in On Holding AG (NYSE:ONON)

BNP Paribas Financial Markets bought a new position in shares of On Holding AG (NYSE:ONON - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 714,238 shares of the company's stock, valued at approximately $39,119,000. BNP Paribas Financial Markets owned approximately 0.11% of ON at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in ON in the fourth quarter valued at about $30,000. Legacy Bridge LLC purchased a new position in shares of ON in the 4th quarter worth approximately $43,000. Bernard Wealth Management Corp. bought a new position in shares of ON during the 4th quarter worth approximately $44,000. Arcadia Investment Management Corp MI purchased a new stake in ON during the fourth quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in ON in the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 36.39% of the company's stock.

ON Stock Performance

NYSE ONON opened at $48.46 on Thursday. On Holding AG has a fifty-two week low of $29.84 and a fifty-two week high of $64.05. The firm has a market capitalization of $30.51 billion, a P/E ratio of 112.70, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The stock's fifty day moving average is $45.19 and its two-hundred day moving average is $51.40.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler reduced their price target on ON from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC increased their price target on ON from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday. Williams Trading boosted 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. Citigroup upgraded shares of ON from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $65.00 to $60.00 in a research note on Monday, April 28th. Finally, UBS Group boosted their price objective on ON from $56.00 to $59.00 and gave the company a "buy" rating in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.

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