NBC Securities Inc. Increases Stake in On Holding AG (NYSE:ONON)

NBC Securities Inc. raised its stake in On Holding AG (NYSE:ONON - Free Report) by 107,021.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,353 shares of the company's stock after buying an additional 20,334 shares during the period. NBC Securities Inc.'s holdings in ON were worth $893,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ONON. Strategic Financial Concepts LLC purchased a new position in ON during the 4th quarter valued at about $30,000. Park Square Financial Group LLC acquired a new position in ON during the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB acquired a new position in ON in the 1st quarter valued at $32,000. Bernard Wealth Management Corp. acquired a new position in shares of ON during the 4th quarter worth about $44,000. Finally, Arcadia Investment Management Corp MI bought a new stake in ON during the 4th quarter valued at approximately $53,000. Institutional investors own 36.39% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ONON shares. Robert W. Baird boosted their target price on shares of ON from $63.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Citigroup upgraded ON from a "neutral" rating to a "buy" rating and lowered their price target for the company from $65.00 to $60.00 in a research report on Monday, April 28th. KeyCorp raised their target price on ON from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. UBS Group set a $75.00 price target on shares of ON in a research report on Wednesday, May 14th. Finally, Cowen reissued a "buy" rating on shares of ON in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $62.45.

ON Stock Performance

ONON stock traded down $1.08 during mid-day trading on Thursday, reaching $56.95. 5,717,206 shares of the stock traded hands, compared to its average volume of 4,587,932. The stock has a market capitalization of $35.86 billion, a PE ratio of 132.44, a PEG ratio of 1.02 and a beta of 2.35. On Holding AG has a one year low of $34.59 and a one year high of $64.05. The business has a 50-day moving average price of $49.43 and a two-hundred day moving average price of $52.52.

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.