Mpwm Advisory Solutions LLC Takes Position in On Holding AG (NYSE:ONON)

Mpwm Advisory Solutions LLC purchased a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,536 shares of the company's stock, valued at approximately $358,000.

Other large investors have also modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in ON in the 4th quarter worth about $30,000. Legacy Bridge LLC acquired a new position in shares of ON during the fourth quarter worth approximately $43,000. Bernard Wealth Management Corp. bought a new position in ON in the 4th quarter worth approximately $44,000. Arcadia Investment Management Corp MI acquired a new stake in ON in the 4th quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC bought a new stake in ON during the 4th quarter valued at $65,000. Institutional investors and hedge funds own 36.39% of the company's stock.

ON Price Performance

Shares of ONON opened at $59.92 on Tuesday. The company has a 50-day moving average of $46.43 and a two-hundred day moving average of $51.84. The stock has a market cap of $37.73 billion, a price-to-earnings ratio of 139.35, a PEG ratio of 1.02 and a beta of 2.30. On Holding AG has a one year low of $34.59 and a one year high of $64.05.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ONON. Jefferies Financial Group began coverage on ON in a research note on Tuesday, April 1st. They issued a "hold" rating and a $44.00 price target for the company. HSBC upgraded shares of ON from a "hold" rating to a "buy" rating and set a $58.00 target price for the company in a research report on Tuesday, March 11th. Stifel Nicolaus boosted their price target on shares of ON from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Citigroup upgraded shares of ON from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $65.00 to $60.00 in a report on Monday, April 28th. Finally, Truist Financial boosted their target price on ON from $61.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $62.45.

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.

Want to see what other hedge funds are holding ONON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Holding AG (NYSE:ONON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.