5,111 Shares in On Holding AG (NYSE:ONON) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new stake in shares of On Holding AG (NYSE:ONON - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,111 shares of the company's stock, valued at approximately $280,000.

A number of other hedge funds have also recently made changes to their positions in the business. FMR LLC grew its stake in shares of ON by 1.6% in the 4th quarter. FMR LLC now owns 28,875,965 shares of the company's stock worth $1,581,537,000 after acquiring an additional 462,738 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in ON by 2.8% during the fourth quarter. Alliancebernstein L.P. now owns 17,378,277 shares of the company's stock worth $951,808,000 after purchasing an additional 471,805 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in ON by 0.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,361,491 shares of the company's stock worth $184,109,000 after purchasing an additional 18,752 shares in the last quarter. Norges Bank purchased a new stake in ON in the 4th quarter valued at about $164,574,000. Finally, Jennison Associates LLC lifted its position in shares of ON by 27.4% during the 4th quarter. Jennison Associates LLC now owns 2,049,644 shares of the company's stock worth $112,259,000 after buying an additional 440,685 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Stock Down 0.7%

ONON traded down $0.43 during trading on Wednesday, reaching $60.25. 1,124,714 shares of the company were exchanged, compared to its average volume of 5,100,284. The company's 50-day moving average is $47.93 and its two-hundred day moving average is $52.25. On Holding AG has a 12-month low of $34.59 and a 12-month high of $64.05. The company has a market cap of $37.94 billion, a price-to-earnings ratio of 140.14, a P/E/G ratio of 1.02 and a beta of 2.30.

Analyst Ratings Changes

ONON has been the subject of several recent analyst reports. KeyCorp upped their target price on ON from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Truist Financial boosted their price objective on ON from $61.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Raymond James reaffirmed a "strong-buy" rating on shares of ON in a research report on Wednesday, May 14th. Needham & Company LLC boosted their price target on shares of ON from $55.00 to $62.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, UBS Group set a $75.00 price target on shares of ON in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $62.45.

About ON

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.