9,137 Shares in On Holding AG $ONON Acquired by Greenwood Capital Associates LLC

Key Points

• Greenwood Capital Associates LLC has acquired 9,137 shares of On Holding AG, valued at approximately $476,000, according to their recent SEC filing.
• Multiple institutional investors have increased their stakes in On Holding AG, with Alliancebernstein L.P. raising its position by 13.9% in the first quarter.
• Current market analysts have a Moderate Buy rating on On Holding AG, with target prices ranging from $62.00 to $69.00 as several firms modify their ratings.

Greenwood Capital Associates LLC bought a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,137 shares of the company's stock, valued at approximately $476,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in shares of ON by 13.9% during the 1st quarter. Alliancebernstein L.P. now owns 19,794,811 shares of the company's stock valued at $869,388,000 after acquiring an additional 2,416,534 shares during the last quarter. Jennison Associates LLC raised its holdings in ON by 136.6% during the 1st quarter. Jennison Associates LLC now owns 4,848,438 shares of the company's stock worth $212,943,000 after buying an additional 2,798,794 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in ON by 1.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,395,611 shares of the company's stock worth $149,136,000 after buying an additional 34,120 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of ON by 8.3% in the first quarter. 1832 Asset Management L.P. now owns 2,344,700 shares of the company's stock worth $102,979,000 after buying an additional 178,750 shares during the period. Finally, Nuveen LLC acquired a new position in shares of ON in the first quarter worth about $102,850,000. Institutional investors and hedge funds own 36.39% of the company's stock.

ON Trading Down 0.6%

Shares of NYSE:ONON opened at $42.11 on Friday. The stock has a market capitalization of $26.52 billion, a PE ratio of 93.58, a P/E/G ratio of 5.47 and a beta of 2.19. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05. The firm has a fifty day moving average price of $45.33 and a 200 day moving average price of $48.83. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ONON shares. Raymond James Financial downgraded shares of ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 price target for the company. in a research report on Tuesday, July 22nd. Morgan Stanley boosted their target price on shares of ON from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Barclays boosted their target price on shares of ON from $68.00 to $69.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Weiss Ratings reiterated a "sell (d+)" rating on shares of ON in a report on Saturday, September 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $62.00 price objective on shares of ON in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $64.20.

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, 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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