75,739 Shares in On Holding AG (NYSE:ONON) Bought by Lbp Am Sa

LBP AM SA bought a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 75,739 shares of the company's stock, valued at approximately $3,326,000.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. lifted its holdings in ON by 68.6% during the 4th quarter. Assetmark Inc. now owns 5,395 shares of the company's stock worth $295,000 after purchasing an additional 2,195 shares in the last quarter. Atria Investments Inc raised its stake in ON by 6.6% during the fourth quarter. Atria Investments Inc now owns 5,515 shares of the company's stock valued at $302,000 after buying an additional 341 shares during the last quarter. Raymond James Financial Inc. bought a new stake in ON during the fourth quarter valued at about $28,575,000. PNC Financial Services Group Inc. raised its position in ON by 14.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,220 shares of the company's stock valued at $450,000 after purchasing an additional 1,010 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ON by 472.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,800 shares of the company's stock worth $2,508,000 after buying an additional 37,804 shares during the period. Institutional investors own 36.39% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ONON. Stifel Nicolaus increased their price objective on ON from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. UBS Group set a $75.00 target price on ON in a research note on Wednesday, May 14th. Piper Sandler reiterated an "overweight" rating on shares of ON in a research note on Tuesday, May 13th. Jefferies Financial Group began coverage on ON in a research report on Tuesday, April 1st. They set a "hold" rating and a $44.00 target price on the stock. Finally, Evercore ISI raised their target price on ON from $60.00 to $70.00 and gave the company an "outperform" rating in a research report 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 company. Based on data from MarketBeat, ON has an average rating of "Buy" and a consensus price target of $63.85.

ON Trading Up 1.7%

NYSE ONON traded up $0.89 on Monday, reaching $53.33. The stock had a trading volume of 3,270,607 shares, compared to its average volume of 4,669,001. The firm has a market capitalization of $33.58 billion, a price-to-earnings ratio of 76.19, a P/E/G ratio of 2.95 and a beta of 2.25. 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 Holding AG has a 12-month low of $34.59 and a 12-month high of $64.05. The stock has a fifty day moving average price of $54.95 and a two-hundred day moving average price of $51.85.

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.