Schonfeld Strategic Advisors LLC Has $8.21 Million Stock Position in On Holding AG (NYSE:ONON)

Schonfeld Strategic Advisors LLC boosted its position in shares of On Holding AG (NYSE:ONON - Free Report) by 695.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,900 shares of the company's stock after purchasing an additional 131,054 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in ON were worth $8,210,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ONON. FMR LLC increased its stake in ON by 1.6% during the 4th quarter. FMR LLC now owns 28,875,965 shares of the company's stock worth $1,581,537,000 after purchasing an additional 462,738 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of ON by 2.8% during the fourth quarter. Alliancebernstein L.P. now owns 17,378,277 shares of the company's stock worth $951,808,000 after acquiring an additional 471,805 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of ON by 0.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,361,491 shares of the company's stock worth $184,109,000 after acquiring an additional 18,752 shares during the period. Norges Bank acquired a new stake in shares of ON during the fourth quarter worth $164,574,000. Finally, Jennison Associates LLC lifted its position in ON by 27.4% in the 4th 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 in the last quarter. Institutional investors own 36.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ONON. Citigroup raised ON from a "neutral" rating to a "buy" rating and dropped their price target for the company from $65.00 to $60.00 in a research note on Monday, April 28th. Williams Trading boosted their target price on ON from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. UBS Group raised their price target on shares of ON from $56.00 to $59.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Jefferies Financial Group began coverage on shares of ON in a research report on Tuesday, April 1st. They issued a "hold" rating and a $44.00 target price for the company. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $67.00 price target on shares of ON in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, ON currently has an average rating of "Buy" and a consensus target price of $58.77.

ON Trading Down 0.1 %

Shares of NYSE:ONON traded down $0.06 on Monday, reaching $48.86. 2,961,279 shares of the company's stock were exchanged, compared to its average volume of 4,700,101. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05. The company has a fifty day moving average of $45.18 and a 200-day moving average of $51.44. The company has a market capitalization of $30.76 billion, a price-to-earnings ratio of 113.62, a PEG ratio of 1.02 and a beta of 2.30.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.