13,455 Shares in On Holding AG (NYSE:ONON) Purchased by Aurora Private Wealth Inc.

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

Several other institutional investors and hedge funds also recently made changes to their positions in ONON. Oppenheimer & Co. Inc. increased its stake in ON by 5.0% in the 4th 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 last quarter. US Bancorp DE increased its stake in ON by 176.9% in the 4th 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 last quarter. Jones Financial Companies Lllp increased its position in shares of 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 acquiring an additional 4,287 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of ON during the fourth quarter valued at approximately $260,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of 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 acquiring an additional 2,028 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

Wall Street Analyst Weigh In

ONON has been the subject of a number of research analyst reports. Truist Financial increased their price target on ON from $61.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Barclays set a $68.00 target price on ON in a research report on Wednesday, May 14th. Evercore ISI raised their price objective on shares of ON from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Piper Sandler restated an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Finally, Needham & Company LLC raised their price target on shares of ON from $55.00 to $62.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $63.85.

ON Price Performance

ONON stock traded up $0.55 during mid-day trading on Friday, reaching $54.25. 3,203,823 shares of the company traded hands, compared to its average volume of 4,669,032. The company has a fifty day moving average price of $54.40 and a 200-day moving average price of $51.99. The company has a market capitalization of $34.16 billion, a P/E ratio of 77.49, a P/E/G ratio of 3.07 and a beta of 2.25. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.18.

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.