On Holding AG (NYSE:ONON) Stock Holdings Lifted by Focus Partners Wealth

Focus Partners Wealth increased its holdings in On Holding AG (NYSE:ONON - Free Report) by 20.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,907 shares of the company's stock after buying an additional 4,657 shares during the period. Focus Partners Wealth's holdings in ON were worth $1,528,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in ON by 1.6% in the fourth quarter. FMR LLC now owns 28,875,965 shares of the company's stock worth $1,581,537,000 after acquiring an additional 462,738 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of ON by 2.8% during the 4th quarter. Alliancebernstein L.P. now owns 17,378,277 shares of the company's stock worth $951,808,000 after purchasing an additional 471,805 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of ON by 0.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,361,491 shares of the company's stock worth $184,109,000 after purchasing an additional 18,752 shares during the last quarter. Norges Bank acquired a new position in ON during the 4th quarter valued at approximately $164,574,000. Finally, Jennison Associates LLC boosted its holdings in shares of ON by 27.4% during the fourth quarter. Jennison Associates LLC now owns 2,049,644 shares of the company's stock valued at $112,259,000 after acquiring an additional 440,685 shares during the period. 36.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ONON has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Jefferies Financial Group assumed coverage on ON in a report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price target on the stock. Raymond James reaffirmed a "strong-buy" rating on shares of ON in a report on Wednesday, May 14th. HSBC raised shares of ON from a "hold" rating to a "buy" rating and set a $58.00 target price on the stock in a research note on Tuesday, March 11th. Finally, Robert W. Baird boosted their target price on ON from $63.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $62.45.

ON Trading Down 0.3%

NYSE:ONON traded down $0.15 on Thursday, hitting $58.99. 707,317 shares of the company's stock traded hands, compared to its average volume of 4,611,912. The company has a market cap of $37.14 billion, a PE ratio of 136.91, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05. The firm has a 50-day moving average price of $46.94 and a 200-day moving average price of $51.94.

ON Company Profile

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.