Chung Wu Investment Group LLC Purchases New Holdings in On Holding AG (NYSE:ONON)

Chung Wu Investment Group LLC bought a new position in shares of On Holding AG (NYSE:ONON - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 5,300 shares of the company's stock, valued at approximately $233,000.

A number of other large investors have also modified their holdings of ONON. Keystone Investors PTE Ltd. boosted its holdings in ON by 0.8% during the fourth quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock worth $1,639,000 after buying an additional 228 shares in the last quarter. Sage Capital Advisors llc raised its holdings in ON by 0.3% during the first quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock worth $4,406,000 after purchasing an additional 269 shares during the last quarter. CreativeOne Wealth LLC boosted its position in ON by 2.4% during the fourth quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock worth $743,000 after purchasing an additional 323 shares in the last quarter. Atria Investments Inc grew its holdings in ON by 6.6% in the fourth quarter. Atria Investments Inc now owns 5,515 shares of the company's stock valued at $302,000 after purchasing an additional 341 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of ON by 2.9% during the 1st quarter. Merit Financial Group LLC now owns 12,275 shares of the company's stock worth $539,000 after buying an additional 348 shares during the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ONON. Jefferies Financial Group initiated coverage on shares of ON in a research report on Tuesday, April 1st. They set a "hold" rating and a $44.00 target price for the company. KeyCorp boosted their price target on ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Cowen reaffirmed a "buy" rating on shares of ON in a research note on Wednesday, May 14th. UBS Group set a $75.00 price objective on ON in a research report on Wednesday, May 14th. Finally, Barclays set a $68.00 target price on shares of ON in a research note on Wednesday, May 14th. Two 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 company. According to data from MarketBeat.com, ON presently has a consensus rating of "Buy" and a consensus target price of $63.85.

ON Price Performance

ONON opened at $51.44 on Thursday. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The company has a 50 day moving average of $53.04 and a two-hundred day moving average of $52.19. The company has a market cap of $32.39 billion, a P/E ratio of 73.49, a P/E/G ratio of 3.00 and a beta of 2.35. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19.

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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