Jennison Associates LLC grew its position in shares of On Holding AG (NYSE:ONON - Free Report) by 136.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,848,438 shares of the company's stock after acquiring an additional 2,798,794 shares during the quarter. Jennison Associates LLC owned 0.77% of ON worth $212,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Keystone Investors PTE Ltd. boosted its holdings in shares of ON by 0.8% in the 4th 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 during the last quarter. CWM LLC boosted its holdings in shares of ON by 22.2% in the 1st quarter. CWM LLC now owns 1,259 shares of the company's stock worth $55,000 after buying an additional 229 shares during the last quarter. Sage Capital Advisors llc raised its stake in ON by 0.3% in the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock valued at $4,406,000 after acquiring an additional 269 shares during the period. CreativeOne Wealth LLC raised its stake in ON by 2.4% in the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock valued at $743,000 after acquiring an additional 323 shares during the period. Finally, Merit Financial Group LLC raised its stake in ON by 2.9% in the 1st quarter. Merit Financial Group LLC now owns 12,275 shares of the company's stock valued at $539,000 after acquiring an additional 348 shares during the period. 36.39% of the stock is owned by hedge funds and other institutional investors.
ON Price Performance
Shares of ON stock opened at $53.47 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19. The company has a market cap of $33.67 billion, a PE ratio of 76.76, a P/E/G ratio of 2.96 and a beta of 2.25. The business has a 50 day moving average of $55.32 and a 200 day moving average of $51.84. 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 research analysts have recently weighed in on ONON shares. Robert W. Baird upped their price target on ON from $63.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Evercore ISI upped their price target on ON from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Citigroup upgraded ON from a "neutral" rating to a "buy" rating and decreased their price target for the company from $65.00 to $60.00 in a research report on Monday, April 28th. Truist Financial upped 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. Finally, Jefferies Financial Group assumed coverage on ON in a report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, ON currently has an average rating of "Buy" and an average price target of $63.85.
Check Out Our Latest Research Report on ONON
ON 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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