Nissay Asset Management Corp Japan ADV cut its position in On Holding AG (NYSE:ONON - Free Report) by 24.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,492 shares of the company's stock after selling 7,978 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in ON were worth $1,362,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Bridge LLC acquired a new position in ON in the 4th quarter valued at $43,000. Bernard Wealth Management Corp. acquired a new position in ON in the 4th quarter valued at $44,000. Arcadia Investment Management Corp MI acquired a new position in ON in the 4th quarter valued at $53,000. VisionPoint Advisory Group LLC acquired a new position in ON in the 4th quarter valued at $65,000. Finally, Blue Trust Inc. raised its holdings in shares of ON by 148.8% during the 4th quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock worth $66,000 after buying an additional 787 shares in the last quarter. 36.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Williams Trading upped their price objective on ON from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Raymond James restated a "strong-buy" rating on shares of ON in a research report on Wednesday, May 14th. Piper Sandler restated an "overweight" rating on shares of ON in a research report on Tuesday, May 13th. Citigroup upgraded ON from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $65.00 to $60.00 in a research report on Monday, April 28th. Finally, Morgan Stanley dropped their price objective on ON from $66.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, twenty have given 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 $62.45.
View Our Latest Stock Report on ONON
ON Stock Down 0.6%
Shares of NYSE ONON traded down $0.38 during trading on Friday, reaching $58.44. The company had a trading volume of 4,394,621 shares, compared to its average volume of 4,621,257. The company's fifty day moving average price is $47.40 and its 200-day moving average price is $52.13. On Holding AG has a 12 month low of $34.59 and a 12 month high of $64.05. The stock has a market cap of $36.80 billion, a P/E ratio of 135.91, a PEG ratio of 1.02 and a beta of 2.30.
ON Profile
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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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