Kestra Private Wealth Services LLC Has $829,000 Holdings in On Holding AG (NYSE:ONON)

Kestra Private Wealth Services LLC grew its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 151.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,878 shares of the company's stock after purchasing an additional 11,362 shares during the period. Kestra Private Wealth Services LLC's holdings in ON were worth $829,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ONON. Norges Bank purchased a new stake in ON during the 4th quarter valued at $164,574,000. Jennison Associates LLC increased its position in shares of ON by 136.6% during the 1st quarter. Jennison Associates LLC now owns 4,848,438 shares of the company's stock valued at $212,943,000 after purchasing an additional 2,798,794 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of ON during the 4th quarter valued at about $78,799,000. Axiom Investors LLC DE purchased a new stake in shares of ON during the 4th quarter valued at about $39,320,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of ON during the 4th quarter valued at $39,119,000. Institutional investors own 36.39% of the company's stock.

ON Stock Performance

Shares of ONON stock traded up $0.82 during trading hours on Friday, reaching $50.77. The stock had a trading volume of 4,123,663 shares, compared to its average volume of 5,566,818. The firm has a 50-day simple moving average of $54.97 and a 200-day simple moving average of $51.72. The firm has a market capitalization of $31.97 billion, a PE ratio of 72.52, a price-to-earnings-growth ratio of 2.80 and a beta of 2.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.18. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05.

Analyst Upgrades and Downgrades

ONON has been the subject of a number of recent research reports. Cowen reissued a "buy" rating on shares of ON in a research report on Wednesday, May 14th. Truist Financial upped their target price on shares of ON from $61.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial downgraded shares of ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 target price for the company. in a report on Tuesday. Jefferies Financial Group started coverage on shares of ON in a report on Tuesday, April 1st. They issued a "hold" rating and a $44.00 target price for the company. Finally, Barclays set a $68.00 target price on shares of ON in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $64.00.

About ON

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.