On Holding AG (NYSE:ONON) Position Raised by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. grew its holdings in shares of On Holding AG (NYSE:ONON) by 211.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,640 shares of the company’s stock after purchasing an additional 24,200 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in ON were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its stake in ON by 74.0% in the 4th quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company’s stock worth $877,000 after acquiring an additional 6,808 shares in the last quarter. RB Capital Management LLC boosted its position in ON by 214.8% during the third quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock valued at $1,125,000 after purchasing an additional 15,303 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake 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 valued at $76,213,000 after purchasing an additional 349,789 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in ON in the 4th quarter worth about $30,000. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of ON by 584.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company’s stock worth $4,195,000 after purchasing an additional 71,436 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $67.00 target price on shares of ON in a research note on Tuesday, March 4th. Raymond James raised shares of ON from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $58.00 to $63.00 in a research report on Thursday, November 21st. Bank of America began coverage on ON in a research report on Tuesday, January 7th. They issued a “buy” rating and a $73.00 price target for the company. Barclays upped their price objective on shares of ON from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $64.00 price target on shares of ON in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $61.90.

ON Stock Down 0.7 %

Shares of NYSE ONON opened at $46.42 on Friday. The company has a market capitalization of $29.23 billion, a PE ratio of 107.94, a P/E/G ratio of 1.02 and a beta of 2.35. The firm has a fifty day simple moving average of $54.32 and a 200 day simple moving average of $52.62. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05.

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, 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.