State of Wyoming lifted its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 239.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,899 shares of the company's stock after buying an additional 4,866 shares during the period. State of Wyoming's holdings in ON were worth $378,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Financial Concepts LLC purchased a new position in shares of ON during the fourth quarter worth $30,000. Legacy Bridge LLC purchased a new position in shares of ON during the fourth quarter worth $43,000. Bernard Wealth Management Corp. purchased a new position in shares of ON during the fourth quarter worth $44,000. Arcadia Investment Management Corp MI purchased a new position in shares of ON during the fourth quarter worth $53,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of ON during the fourth quarter worth $65,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.
ON Price Performance
ONON traded down $0.38 on Friday, reaching $58.44. 4,394,621 shares of the company's stock were exchanged, compared to its average volume of 4,632,569. The stock has a market cap of $36.80 billion, a PE ratio of 135.91, a P/E/G ratio of 1.02 and a beta of 2.30. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05. The stock's fifty day moving average price is $47.40 and its 200-day moving average price is $52.10.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ONON. HSBC raised shares of ON from a "hold" rating to a "buy" rating and set a $58.00 price objective for the company in a report on Tuesday, March 11th. Piper Sandler reaffirmed an "overweight" rating on shares of ON in a report on Tuesday, May 13th. The Goldman Sachs Group cut shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 price objective for the company. in a report on Wednesday, February 12th. Raymond James reaffirmed a "strong-buy" rating on shares of ON in a report on Wednesday, May 14th. Finally, Citigroup raised shares of ON from a "neutral" rating to a "buy" rating and cut their price objective for the company from $65.00 to $60.00 in a report on Monday, April 28th. Two equities research 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 stock. According to data from MarketBeat, ON currently has a consensus rating of "Buy" and a consensus price target of $62.45.
Check Out Our Latest Report on ON
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.
Further Reading
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