Nuveen Asset Management LLC lowered its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,515,647 shares of the company's stock after selling 100,404 shares during the quarter. Nuveen Asset Management LLC owned 0.56% of ON worth $192,552,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of ONON. Norges Bank purchased a new stake in shares of ON in the fourth quarter valued at $164,574,000. Arrowstreet Capital Limited Partnership purchased a new stake in ON in the 4th quarter worth about $78,799,000. Axiom Investors LLC DE bought a new stake in ON in the fourth quarter worth about $39,320,000. BNP Paribas Financial Markets purchased a new position in shares of ON during the fourth quarter valued at approximately $39,119,000. Finally, Raymond James Financial Inc. bought a new position in shares of ON during the fourth quarter valued at approximately $28,575,000. Hedge funds and other institutional investors own 36.39% of the company's stock.
ON Stock Up 0.0%
Shares of ONON stock traded up $0.02 during mid-day trading on Monday, hitting $59.92. 3,748,319 shares of the stock were exchanged, compared to its average volume of 4,624,633. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The company has a market cap of $37.73 billion, a PE ratio of 139.35, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The firm has a fifty day moving average of $46.16 and a 200 day moving average of $51.75.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Barclays set a $68.00 price objective on ON in a report on Wednesday, May 14th. HSBC upgraded ON from a "hold" rating to a "buy" rating and set a $58.00 price objective for the company in a research note on Tuesday, March 11th. Williams Trading lifted their price objective on shares of ON from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Cowen reaffirmed a "buy" rating on shares of ON in a report on Wednesday, May 14th. Finally, Morgan Stanley decreased their price objective on ON from $66.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $62.45.
View Our Latest Stock Analysis on ONON
About ON
(
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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