Occudo Quantitative Strategies LP bought a new position in On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,248 shares of the company's stock, valued at approximately $1,109,000.
Several other institutional investors have also added to or reduced their stakes in ONON. Strategic Financial Concepts LLC bought a new position in shares of ON during the fourth quarter valued at approximately $30,000. Legacy Bridge LLC bought a new position in shares of ON in the fourth quarter worth about $43,000. Bernard Wealth Management Corp. purchased a new stake in ON in the 4th quarter worth $44,000. Arcadia Investment Management Corp MI bought a new stake in ON during the 4th quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC purchased a new position in ON during the 4th quarter valued at approximately $65,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.
ON Stock Performance
Shares of NYSE ONON traded up $0.17 during trading on Monday, reaching $60.07. The stock had a trading volume of 1,607,903 shares, compared to its average volume of 4,615,095. On Holding AG has a one year low of $34.59 and a one year high of $64.05. The stock has a market cap of $37.82 billion, a PE ratio of 139.56, a P/E/G ratio of 1.02 and a beta of 2.30. The firm's 50 day moving average price is $46.16 and its two-hundred day moving average price is $51.75.
Analyst Upgrades and Downgrades
ONON has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of ON from $55.00 to $62.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Hsbc Global Res upgraded ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Piper Sandler restated an "overweight" rating on shares of ON in a research note on Tuesday, May 13th. HSBC upgraded 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, Williams Trading upped their target price on ON from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $62.45.
View Our Latest Stock Report on ONON
ON Company 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.
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