OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,000 shares of the company's stock, valued at approximately $822,000.
Other hedge funds have also recently made changes to their positions in the company. Tsfg LLC grew its position in ON by 143.6% during the 4th quarter. Tsfg LLC now owns 3,338 shares of the company's stock worth $183,000 after acquiring an additional 1,968 shares during the last quarter. Park Avenue Securities LLC grew its holdings in ON by 19.1% during the fourth quarter. Park Avenue Securities LLC now owns 16,006 shares of the company's stock valued at $877,000 after purchasing an additional 2,565 shares during the period. Merit Financial Group LLC purchased a new stake in shares of ON during the fourth quarter worth about $653,000. Capricorn Fund Managers Ltd bought a new position in shares of ON in the 4th quarter valued at about $3,536,000. Finally, Bennett Selby Investments LP lifted its stake in shares of ON by 7.8% during the 4th quarter. Bennett Selby Investments LP now owns 21,849 shares of the company's stock worth $1,197,000 after acquiring an additional 1,578 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on ONON. Cowen reiterated a "buy" rating on shares of ON in a research note on Wednesday. Piper Sandler reaffirmed an "overweight" rating on shares of ON in a research note on Tuesday, May 13th. UBS Group set a $75.00 target price on shares of ON in a research report on Wednesday. Raymond James reiterated a "strong-buy" rating on shares of ON in a research note on Wednesday. Finally, Citigroup upgraded shares of ON from a "neutral" rating to a "buy" rating and cut their price target for the company from $65.00 to $60.00 in a report on Monday, April 28th. Two research 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. According to data from MarketBeat.com, ON has an average rating of "Buy" and a consensus target price of $62.45.
View Our Latest Research Report on ONON
ON Price Performance
Shares of ON stock traded up $0.13 during midday trading on Monday, hitting $60.03. The company had a trading volume of 1,607,903 shares, compared to its average volume of 4,615,072. The business's 50 day simple moving average is $46.16 and its two-hundred day simple moving average is $51.75. The stock has a market cap of $37.80 billion, a PE ratio of 139.56, a P/E/G 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.
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.
Featured Stories
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
