Whittier Trust Co. of Nevada Inc. lifted its stake in On Holding AG (NYSE:ONON - Free Report) by 94.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,434 shares of the company's stock after buying an additional 6,025 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in ON were worth $546,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of ONON. Norges Bank purchased a new stake in shares of ON in the fourth quarter worth about $164,574,000. Arrowstreet Capital Limited Partnership acquired a new position in ON in the 4th quarter worth about $78,799,000. Axiom Investors LLC DE acquired a new position in ON in the 4th quarter worth about $39,320,000. BNP Paribas Financial Markets acquired a new position in ON in the 4th quarter worth about $39,119,000. Finally, Raymond James Financial Inc. acquired a new position in ON in the 4th quarter worth about $28,575,000. Hedge funds and other institutional investors own 36.39% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on ONON. Evercore ISI upped their price target on ON from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $65.00 price target on shares of ON in a report on Tuesday, May 13th. Needham & Company LLC upped their price target on ON from $55.00 to $62.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Morgan Stanley reduced their price target on ON from $66.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, Piper Sandler reissued an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $63.85.
View Our Latest Analysis on ONON
ON Price Performance
Shares of ONON stock traded down $1.10 during trading hours on Friday, reaching $53.14. The company had a trading volume of 2,954,586 shares, compared to its average volume of 5,074,930. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.18 and a current ratio of 2.80. The stock has a fifty day moving average of $55.32 and a 200-day moving average of $51.84. The company has a market capitalization of $33.46 billion, a price-to-earnings ratio of 75.91, a PEG ratio of 2.96 and a beta of 2.25. On Holding AG has a 12-month low of $34.59 and a 12-month high of $64.05.
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.
See Also
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
