Aurora Private Wealth Inc. Purchases Shares of 13,455 On Holding AG (NYSE:ONON)

Aurora Private Wealth Inc. bought a new position in On Holding AG (NYSE:ONON - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,455 shares of the company's stock, valued at approximately $591,000.

Several other institutional investors also recently added to or reduced their stakes in ONON. Oppenheimer & Co. Inc. grew its position in ON by 5.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 10,141 shares of the company's stock valued at $555,000 after buying an additional 480 shares during the period. US Bancorp DE grew its position in ON by 176.9% during the fourth quarter. US Bancorp DE now owns 48,867 shares of the company's stock valued at $2,676,000 after buying an additional 31,218 shares during the period. Jones Financial Companies Lllp grew its position in ON by 33.2% during the fourth quarter. Jones Financial Companies Lllp now owns 17,181 shares of the company's stock valued at $941,000 after buying an additional 4,287 shares during the period. SBI Securities Co. Ltd. bought a new position in ON during the fourth quarter valued at about $260,000. Finally, Steward Partners Investment Advisory LLC grew its position in ON by 4.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 45,074 shares of the company's stock valued at $2,469,000 after buying an additional 2,028 shares during the period. Institutional investors own 36.39% of the company's stock.

ON Price Performance

ONON traded up $0.04 on Monday, reaching $54.35. The company had a trading volume of 5,432,301 shares, compared to its average volume of 4,672,086. The business has a 50 day simple moving average of $54.40 and a 200 day simple moving average of $51.96. The company has a market cap of $34.22 billion, a price-to-earnings ratio of 77.64, a P/E/G ratio of 3.07 and a beta of 2.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.18 and a current ratio of 2.80. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ONON shares. UBS Group set a $75.00 price target on shares of ON in a research report on Wednesday, May 14th. Evercore ISI upped their price objective on shares of ON from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Stifel Nicolaus upped their price objective on shares of ON from $57.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Needham & Company LLC upped their price objective on shares of ON from $55.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Jefferies Financial Group initiated coverage on shares of ON in a report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price objective on the stock. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $63.85.

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.