GF Fund Management CO. LTD. bought a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 109,455 shares of the company's stock, valued at approximately $5,995,000.
Other large investors have also recently made changes to their positions in the company. Legacy Bridge LLC bought a new stake in ON during the 4th quarter valued at $43,000. Bernard Wealth Management Corp. bought a new position in shares of ON during the fourth quarter valued at approximately $44,000. Arcadia Investment Management Corp MI bought a new position in ON in the fourth quarter worth approximately $53,000. VisionPoint Advisory Group LLC bought a new stake in ON during the 4th quarter valued at $65,000. Finally, Point72 Hong Kong Ltd bought a new stake in ON during the 4th quarter valued at $69,000. 36.39% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on ONON shares. Jefferies Financial Group assumed coverage on ON in a research note on Tuesday, April 1st. They set a "hold" rating and a $44.00 price objective for the company. Needham & Company LLC boosted their target price on shares of ON from $55.00 to $62.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Raymond James reissued a "strong-buy" rating on shares of ON in a research report on Wednesday, May 14th. Telsey Advisory Group restated an "outperform" rating and issued a $65.00 price target on shares of ON in a report on Tuesday, May 13th. Finally, KeyCorp lifted their price objective on shares of ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $62.45.
Read Our Latest Report on ON
ON Price Performance
ONON traded up $0.13 on Friday, reaching $58.97. 1,732,892 shares of the stock were exchanged, compared to its average volume of 4,588,863. The company's 50-day moving average price is $48.41 and its 200 day moving average price is $52.35. The firm has a market capitalization of $37.13 billion, a PE ratio of 137.14, a PEG ratio of 1.02 and a beta of 2.30. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05.
ON 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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