Titleist Asset Management LLC Acquires 519 Shares of On Holding AG (NYSE:ONON)

Titleist Asset Management LLC boosted its holdings in shares of On Holding AG (NYSE:ONON) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,675 shares of the company’s stock after buying an additional 519 shares during the quarter. Titleist Asset Management LLC’s holdings in ON were worth $968,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Apollon Wealth Management LLC lifted its holdings in shares of ON by 74.0% during the 4th quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company’s stock valued at $877,000 after purchasing an additional 6,808 shares during the last quarter. RB Capital Management LLC raised its stake in ON by 214.8% in the third quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock valued at $1,125,000 after buying an additional 15,303 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in ON by 34.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock worth $76,213,000 after acquiring an additional 349,789 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of ON during the fourth quarter worth about $30,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of ON by 584.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company’s stock valued at $4,195,000 after acquiring an additional 71,436 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Stock Performance

NYSE:ONON opened at $39.56 on Monday. The stock has a 50 day moving average price of $50.36 and a 200 day moving average price of $52.44. The stock has a market cap of $24.91 billion, a PE ratio of 92.00, a P/E/G ratio of 1.02 and a beta of 2.32. On Holding AG has a one year low of $29.84 and a one year high of $64.05.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen boosted their target price on shares of ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Stifel Nicolaus upped their target price on ON from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley lifted their price target on ON from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Williams Trading increased their price objective on ON from $60.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, UBS Group lifted their target price on ON from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.45.

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.