Woodline Partners LP increased its position in On Holding AG (NYSE:ONON - Free Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 515,419 shares of the company's stock after acquiring an additional 19,124 shares during the period. Woodline Partners LP owned approximately 0.08% of ON worth $28,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Bridge LLC acquired a new position in ON during the fourth quarter valued at $43,000. Bernard Wealth Management Corp. acquired a new position in shares of ON in the 4th quarter valued at about $44,000. Arcadia Investment Management Corp MI purchased a new stake in shares of ON in the fourth quarter worth about $53,000. VisionPoint Advisory Group LLC purchased a new stake in shares of ON in the fourth quarter worth about $65,000. Finally, Point72 Hong Kong Ltd acquired a new stake in ON during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 36.39% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on ONON. Jefferies Financial Group initiated coverage on shares of ON in a research report on Tuesday, April 1st. They issued a "hold" rating and a $44.00 price objective for the company. Williams Trading upped their price target on ON from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Piper Sandler reissued an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Cowen restated a "buy" rating on shares of ON in a research report on Wednesday, May 14th. Finally, Hsbc Global Res upgraded ON from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Two research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $62.45.
Get Our Latest Report on ONON
ON Stock Down 0.6%
Shares of ON stock traded down $0.38 on Monday, hitting $58.44. 4,394,621 shares of the company were exchanged, compared to its average volume of 4,621,257. On Holding AG has a 1-year low of $34.59 and a 1-year high of $64.05. The stock has a market capitalization of $36.80 billion, a price-to-earnings ratio of 135.91, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The company has a 50-day moving average price of $47.40 and a 200 day moving average price of $52.15.
ON 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 Stories
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
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
