Nuveen LLC bought a new stake in shares of On Holding AG (NYSE:ONON - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,341,751 shares of the company's stock, valued at approximately $102,850,000. Nuveen LLC owned 0.37% of ON as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of ONON. Jennison Associates LLC raised its stake in ON by 136.6% during the 1st quarter. Jennison Associates LLC now owns 4,848,438 shares of the company's stock worth $212,943,000 after acquiring an additional 2,798,794 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of ON by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,361,491 shares of the company's stock valued at $184,109,000 after acquiring an additional 18,752 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of ON by 10.7% in the fourth quarter. Voloridge Investment Management LLC now owns 2,026,890 shares of the company's stock valued at $111,013,000 after acquiring an additional 196,270 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in ON by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,600,649 shares of the company's stock worth $87,668,000 after purchasing an additional 79,680 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of ON by 9.1% during the first quarter. Federated Hermes Inc. now owns 1,395,163 shares of the company's stock valued at $61,276,000 after acquiring an additional 116,759 shares in the last quarter. Institutional investors own 36.39% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on ONON shares. Barclays reiterated an "overweight" rating and issued a $69.00 target price (up previously from $68.00) on shares of ON in a research report on Wednesday. Piper Sandler reissued an "overweight" rating on shares of ON in a research note on Tuesday, May 13th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $65.00 price target on shares of ON in a research report on Thursday, August 7th. UBS Group set a $79.00 price target on ON and gave the stock a "buy" rating in a research report on Wednesday. Finally, Truist Financial lifted their target price on ON from $61.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ON currently has a consensus rating of "Moderate Buy" and an average target price of $64.20.
Check Out Our Latest Stock Analysis on ON
ON Stock Up 2.6%
NYSE:ONON traded up $1.14 during mid-day trading on Friday, reaching $45.35. The stock had a trading volume of 9,607,226 shares, compared to its average volume of 5,490,208. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.18. The company has a market capitalization of $28.55 billion, a price-to-earnings ratio of 100.78, a price-to-earnings-growth ratio of 2.75 and a beta of 2.24. On Holding AG has a 1-year low of $34.59 and a 1-year high of $64.05. The stock's 50 day simple moving average is $51.67 and its two-hundred day simple moving average is $50.77.
ON Company 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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