On Holding AG (NYSE:ONON) Position Increased by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. grew its holdings in shares of On Holding AG (NYSE:ONON) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,918 shares of the company’s stock after purchasing an additional 228 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in ON were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ONON. Riposte Capital LLC bought a new stake in ON during the 4th quarter valued at approximately $6,846,000. LPL Financial LLC raised its holdings in ON by 3.8% in the 4th quarter. LPL Financial LLC now owns 441,922 shares of the company’s stock valued at $24,204,000 after acquiring an additional 16,129 shares in the last quarter. Guardian Partners Inc. bought a new stake in shares of ON in the 4th quarter worth approximately $1,108,000. Fox Run Management L.L.C. raised its stake in shares of ON by 155.5% in the fourth quarter. Fox Run Management L.L.C. now owns 18,813 shares of the company’s stock valued at $1,030,000 after purchasing an additional 11,451 shares in the last quarter. Finally, Sei Investments Co. lifted its position in ON by 78.0% in the fourth quarter. Sei Investments Co. now owns 490,503 shares of the company’s stock worth $26,865,000 after purchasing an additional 214,909 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Price Performance

ONON opened at $48.38 on Tuesday. The company has a market capitalization of $30.47 billion, a PE ratio of 112.52, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. The business has a fifty day simple moving average of $52.91 and a 200 day simple moving average of $52.69. On Holding AG has a 1 year low of $29.84 and a 1 year high of $64.05.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen raised their price objective on shares of ON from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Hsbc Global Res raised ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Stifel Nicolaus increased their price objective on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. KeyCorp restated an “overweight” rating and issued a $68.00 target price on shares of ON in a research note on Wednesday, March 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $64.00 price target on shares of ON in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $61.90.

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.