22,500 Shares in On Holding AG (NYSE:ONON) Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. purchased a new stake in shares of On Holding AG (NYSE:ONON) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,500 shares of the company’s stock, valued at approximately $1,128,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ONON. Private Trust Co. NA purchased a new position in shares of ON in the third quarter worth $26,000. Blue Trust Inc. increased its position in shares of 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 acquiring an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of ON by 210.5% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of ON during the third quarter valued at about $29,000. Finally, Quarry LP purchased a new stake in shares of ON during the second quarter worth about $32,000. 33.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. KeyCorp upped their price target on ON from $47.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Evercore ISI raised ON to an “overweight” rating and raised their price target for the stock from $43.00 to $47.00 in a research note on Monday, August 12th. Barclays boosted their price objective on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $53.00 target price on shares of ON in a research report on Tuesday, November 12th. Finally, Morgan Stanley boosted their price target on shares of ON from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.05.

ON Stock Performance

NYSE:ONON opened at $58.33 on Monday. The firm has a 50-day simple moving average of $51.16 and a two-hundred day simple moving average of $44.97. The firm has a market cap of $36.73 billion, a P/E ratio of 135.65 and a beta of 2.25. On Holding AG has a fifty-two week low of $25.78 and a fifty-two week high of $59.19.

ON Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.