Aurora Private Wealth Inc. Invests $591,000 in On Holding AG (NYSE:ONON)

Aurora Private Wealth Inc. purchased a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,455 shares of the company's stock, valued at approximately $591,000.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of ON during the fourth quarter worth about $39,119,000. APEIRON CAPITAL Ltd increased its position in shares of ON by 35.9% during the first quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company's stock worth $43,882,000 after purchasing an additional 264,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ON during the fourth quarter worth about $28,575,000. Gerber Kawasaki Wealth & Investment Management increased its position in shares of ON by 14.7% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 62,281 shares of the company's stock worth $3,411,000 after purchasing an additional 7,960 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in shares of ON during the fourth quarter worth about $1,067,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. KeyCorp lifted their target price on ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Williams Trading upped their price objective on ON from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Hsbc Global Res raised ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Morgan Stanley reduced their price objective on ON from $66.00 to $62.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $65.00 price objective on shares of ON in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $63.85.

ON Stock Performance

NYSE ONON traded up $0.94 on Friday, hitting $52.53. 26,312,064 shares of the company's stock were exchanged, compared to its average volume of 4,629,940. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.18. The firm's 50-day moving average price is $53.42 and its two-hundred day moving average price is $52.07. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The firm has a market cap of $33.08 billion, a price-to-earnings ratio of 75.05, a P/E/G ratio of 3.00 and a beta of 2.35.

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.