Mediolanum International Funds Ltd bought a new stake in On Holding AG (NYSE:ONON - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 455,915 shares of the company's stock, valued at approximately $20,129,000. Mediolanum International Funds Ltd owned 0.07% of ON as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in shares of ON in the 4th quarter valued at about $32,000. Montag A & Associates Inc. acquired a new stake in shares of ON in the 1st quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB purchased a new stake in ON during the 1st quarter valued at approximately $32,000. Bernard Wealth Management Corp. purchased a new stake in ON during the 4th quarter valued at approximately $44,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ON during the 1st quarter valued at approximately $48,000. 36.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have commented on ONON. Piper Sandler reaffirmed an "overweight" rating on shares of ON in a research note on Tuesday, May 13th. Cowen reaffirmed a "buy" rating on shares of ON in a research note on Wednesday, May 14th. Barclays set a $68.00 price objective on ON in a research note on Wednesday, May 14th. Needham & Company LLC upped their price objective on ON from $55.00 to $62.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, KeyCorp upped their price objective on ON from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ON currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.
Check Out Our Latest Stock Analysis on ON
ON Price Performance
NYSE ONON traded down $1.08 during mid-day trading on Wednesday, hitting $50.67. The stock had a trading volume of 2,170,520 shares, compared to its average volume of 5,062,582. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The company has a market cap of $31.90 billion, a price-to-earnings ratio of 72.43, a P/E/G ratio of 2.86 and a beta of 2.25. The company has a 50 day simple moving average of $54.46 and a 200 day simple moving average of $51.60. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19.
About ON
(
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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