Tidal Investments LLC bought a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,525 shares of the company's stock, valued at approximately $467,000.
A number of other institutional investors also recently modified their holdings of ONON. Strategic Financial Concepts LLC bought a new position in ON in the fourth quarter worth about $30,000. Bernard Wealth Management Corp. bought a new position in ON in the fourth quarter worth about $44,000. Arcadia Investment Management Corp MI bought a new position in ON in the fourth quarter worth about $53,000. VisionPoint Advisory Group LLC bought a new position in ON in the fourth quarter worth about $65,000. Finally, Blue Trust Inc. increased its stake in shares of ON by 148.8% during the fourth quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock valued at $66,000 after purchasing an additional 787 shares in the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have weighed in on ONON shares. The Goldman Sachs Group downgraded shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 target price for the company. in a research note on Wednesday, February 12th. Citigroup raised shares of ON from a "neutral" rating to a "buy" rating and decreased their target price for the company from $65.00 to $60.00 in a research note on Monday, April 28th. Williams Trading raised their target price on shares of ON from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Hsbc Global Res raised shares of ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, KeyCorp raised their target price on shares of ON from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Two 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 MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $62.45.
Read Our Latest Report on ONON
ON Price Performance
Shares of ONON stock traded down $0.61 on Monday, hitting $58.79. 1,222,204 shares of the stock traded hands, compared to its average volume of 4,587,029. The firm has a market cap of $37.01 billion, a price-to-earnings ratio of 136.77, a PEG ratio of 1.02 and a beta of 2.30. On Holding AG has a 52 week low of $34.59 and a 52 week high of $64.05. The firm has a 50 day simple moving average of $48.64 and a two-hundred day simple moving average of $52.38.
ON Company 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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