Migdal Insurance & Financial Holdings Ltd. grew its position in shares of On Holding AG (NYSE:ONON - Free Report) by 355.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 910,000 shares of the company's stock after buying an additional 710,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.14% of ON worth $39,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Park Square Financial Group LLC bought a new position in shares of ON in the 4th quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB acquired a new position in ON during the first quarter valued at approximately $32,000. Bernard Wealth Management Corp. acquired a new stake in shares of ON in the fourth quarter worth $44,000. MorganRosel Wealth Management LLC acquired a new position in ON in the 1st quarter valued at $48,000. Finally, CWM LLC raised its holdings in ON by 22.2% in the 1st quarter. CWM LLC now owns 1,259 shares of the company's stock worth $55,000 after acquiring an additional 229 shares during the period. Institutional investors own 36.39% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ONON. Evercore ISI upped their price target on ON from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of ON in a research report on Wednesday, May 14th. Jefferies Financial Group initiated coverage on shares of ON in a report on Tuesday, April 1st. They issued a "hold" rating and a $44.00 price target for the company. Piper Sandler restated an "overweight" rating on shares of ON in a research report on Tuesday, May 13th. Finally, Cowen reaffirmed a "buy" rating on shares of ON in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, ON currently has an average rating of "Buy" and a consensus price target of $63.85.
Get Our Latest Research Report on ONON
ON Price Performance
Shares of NYSE ONON traded down $1.10 during midday trading on Friday, reaching $53.14. 2,954,881 shares of the company traded hands, compared to its average volume of 4,610,992. On Holding AG has a 12 month low of $34.59 and a 12 month high of $64.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.18 and a current ratio of 2.80. The stock's 50-day simple moving average is $55.40 and its 200-day simple moving average is $51.83. The firm has a market cap of $33.46 billion, a PE ratio of 77.49, a PEG ratio of 3.03 and a beta of 2.25.
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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