1,178 Shares in On Holding AG (NYSE:ONON) Purchased by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC bought a new position in shares of On Holding AG (NYSE:ONON) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,178 shares of the company’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA bought a new stake in ON in the third quarter valued at approximately $26,000. Blue Trust Inc. raised its stake in ON by 319.8% in the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after buying an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after buying an additional 400 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in ON in the third quarter valued at approximately $29,000. Finally, Strategic Financial Concepts LLC bought a new stake in ON in the fourth quarter valued at approximately $30,000. Institutional investors own 36.39% of the company’s stock.

Analyst Upgrades and Downgrades

ONON has been the topic of several research analyst reports. BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Wednesday, November 13th. Truist Financial upped their price objective on ON from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Bank of America initiated coverage on ON in a research note on Tuesday, January 7th. They set a “buy” rating and a $73.00 target price on the stock. TD Cowen increased their target price on ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley increased their target price on ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.73.

ON Price Performance

Shares of NYSE:ONON opened at $48.23 on Friday. The company has a market capitalization of $30.37 billion, a P/E ratio of 112.16, a P/E/G ratio of 1.04 and a beta of 2.30. On Holding AG has a 1 year low of $27.37 and a 1 year high of $64.05. The business’s 50 day simple moving average is $56.37 and its 200 day simple moving average is $51.91.

ON Profile

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.