T. Rowe Price Investment Management Inc. lifted its holdings in On Holding AG (NYSE:ONON - Free Report) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,395,611 shares of the company's stock after purchasing an additional 34,120 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.54% of ON worth $149,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of ONON. PNC Financial Services Group Inc. increased its position in ON by 36.8% during the first quarter. PNC Financial Services Group Inc. now owns 11,245 shares of the company's stock valued at $494,000 after acquiring an additional 3,025 shares during the last quarter. Citigroup Inc. increased its position in ON by 73.1% during the first quarter. Citigroup Inc. now owns 213,127 shares of the company's stock valued at $9,361,000 after acquiring an additional 89,982 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in ON by 151.2% during the first quarter. Kestra Private Wealth Services LLC now owns 18,878 shares of the company's stock valued at $829,000 after acquiring an additional 11,362 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in ON during the fourth quarter valued at $39,119,000. Finally, APEIRON CAPITAL Ltd increased its position in ON by 35.9% during the first quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company's stock valued at $43,882,000 after acquiring an additional 264,000 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.
Analyst Ratings Changes
ONON has been the subject of a number of research reports. Piper Sandler reiterated an "overweight" rating on shares of ON in a research report on Tuesday, May 13th. Robert W. Baird upped their price objective on ON from $63.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. UBS Group upped their price objective on ON from $75.00 to $79.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Needham & Company LLC reiterated a "buy" rating and set a $62.00 price objective on shares of ON in a research report on Tuesday, August 12th. Finally, KeyCorp boosted their price target on ON from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.20.
Read Our Latest Stock Analysis on ON
ON Stock Performance
NYSE:ONON opened at $44.5590 on Friday. The stock has a 50-day simple moving average of $50.52 and a two-hundred day simple moving average of $50.20. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53. The firm has a market capitalization of $28.06 billion, a PE ratio of 99.02, a P/E/G ratio of 2.48 and a beta of 2.24.
ON 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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