On Holding AG (NYSE:ONON) Shares Purchased by Woodline Partners LP

Woodline Partners LP raised its position in On Holding AG (NYSE:ONON) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 515,419 shares of the company’s stock after buying an additional 19,124 shares during the quarter. Woodline Partners LP owned about 0.08% of ON worth $28,229,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Capital Advisors Inc. OK increased its stake in shares of ON by 3.2% during the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock worth $350,000 after acquiring an additional 200 shares during the period. Keystone Investors PTE Ltd. boosted its holdings in ON by 0.8% in the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company’s stock valued at $1,639,000 after purchasing an additional 228 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in ON by 2.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock worth $516,000 after purchasing an additional 259 shares during the period. CreativeOne Wealth LLC raised its stake in shares of ON by 2.4% during the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company’s stock worth $743,000 after buying an additional 323 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of ON by 6.6% in the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company’s stock valued at $302,000 after buying an additional 341 shares during the period. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ONON shares. Needham & Company LLC lifted their price target on ON from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Barclays set a $68.00 target price on shares of ON in a research report on Wednesday, May 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price target on shares of ON in a report on Tuesday, May 13th. Truist Financial boosted their price objective on shares of ON from $61.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group downgraded shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, ON has an average rating of “Buy” and an average price target of $62.45.

ON Stock Performance

ON stock opened at $59.62 on Wednesday. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The stock has a fifty day moving average of $46.69 and a two-hundred day moving average of $51.89. The company has a market capitalization of $37.54 billion, a price-to-earnings ratio of 138.65, a PEG ratio of 1.02 and a beta of 2.30.

ON Company Profile

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.