Gordian Capital Singapore Pte Ltd purchased a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,000 shares of the company's stock, valued at approximately $353,000.
A number of other large investors also recently modified their holdings of the business. Montag A & Associates Inc. acquired a new position in shares of ON in the first quarter valued at $26,000. TCTC Holdings LLC raised its stake in shares of ON by 118.4% in the first quarter. TCTC Holdings LLC now owns 581 shares of the company's stock valued at $26,000 after purchasing an additional 315 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of ON in the fourth quarter valued at $32,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of ON in the first quarter valued at $32,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of ON by 3,392.6% in the first quarter. Smartleaf Asset Management LLC now owns 943 shares of the company's stock valued at $42,000 after purchasing an additional 916 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.
ON Price Performance
Shares of ONON stock opened at $44.63 on Friday. The stock's fifty day moving average is $49.84 and its 200-day moving average is $49.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53. The stock has a market capitalization of $28.10 billion, a PE ratio of 99.19, a PEG ratio of 4.99 and a beta of 2.24. On Holding AG has a 52 week low of $34.59 and a 52 week high of $64.05.
Analysts Set New Price Targets
A number of research analysts recently commented on ONON shares. Truist Financial upped their target price on ON from $61.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Barclays upped their price target on ON from $68.00 to $69.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Stifel Nicolaus upped their price target on ON from $57.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Telsey Advisory Group reiterated an "outperform" rating and issued a $65.00 price target on shares of ON in a research report on Thursday, August 7th. Finally, Piper Sandler reiterated an "overweight" rating on shares of ON in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $64.20.
Read Our Latest Analysis on ONON
ON Company Profile
(
Free Report)
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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