Nissay Asset Management Corp Japan ADV reduced its stake in On Holding AG (NYSE:ONON - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,492 shares of the company's stock after selling 7,978 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in ON were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in ONON. Strategic Financial Concepts LLC bought a new stake in ON in the fourth quarter worth about $30,000. Legacy Bridge LLC acquired a new position in shares of ON in the 4th quarter worth approximately $43,000. Bernard Wealth Management Corp. bought a new stake in shares of ON in the 4th quarter worth approximately $44,000. Arcadia Investment Management Corp MI acquired a new stake in ON during the fourth quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC bought a new stake in ON during the fourth quarter worth approximately $65,000. 36.39% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on ONON shares. Jefferies Financial Group began coverage on ON in a research report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price objective for the company. Cowen reaffirmed a "buy" rating on shares of ON in a report on Wednesday, May 14th. Telsey Advisory Group reissued an "outperform" rating and issued a $65.00 price target on shares of ON in a research note on Tuesday, May 13th. The Goldman Sachs Group downgraded ON from a "buy" rating to a "neutral" rating and set a $57.00 price objective on the stock. in a report on Wednesday, February 12th. Finally, Citigroup upgraded shares of ON from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $65.00 to $60.00 in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $62.45.
Get Our Latest Stock Analysis on ON
ON Stock Down 0.7%
Shares of ONON traded down $0.40 during midday trading on Thursday, reaching $58.74. 3,888,486 shares of the stock were exchanged, compared to its average volume of 4,624,253. The company has a market cap of $36.99 billion, a price-to-earnings ratio of 136.61, a P/E/G ratio of 1.02 and a beta of 2.30. On Holding AG has a 12-month low of $34.59 and a 12-month high of $64.05. The firm has a 50 day simple moving average of $46.94 and a 200-day simple moving average of $51.94.
ON Company Profile
(
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.
Featured Articles
Before you consider ON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ON wasn't on the list.
While ON currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
