On Holding AG (NYSE:ONON) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in shares of On Holding AG (NYSE:ONON) by 62.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,661 shares of the company’s stock after acquiring an additional 3,723 shares during the period. Oppenheimer & Co. Inc.’s holdings in ON were worth $484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL acquired a new position in shares of ON during the first quarter worth about $502,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in ON by 100.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company’s stock worth $49,716,000 after acquiring an additional 642,894 shares in the last quarter. Forte Capital LLC ADV purchased a new stake in shares of ON in the 3rd quarter valued at approximately $742,000. Coronation Fund Managers Ltd. raised its holdings in shares of ON by 248.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 154,903 shares of the company’s stock valued at $6,010,000 after purchasing an additional 110,467 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of ON during the 1st quarter worth $486,000. 33.11% of the stock is currently owned by hedge funds and other institutional investors.

ON Price Performance

ONON opened at $53.75 on Thursday. The firm has a market capitalization of $33.84 billion, a price-to-earnings ratio of 125.00 and a beta of 2.25. The company’s 50 day moving average price is $50.01 and its two-hundred day moving average price is $43.68. On Holding AG has a fifty-two week low of $25.78 and a fifty-two week high of $56.44.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ONON. Robert W. Baird raised their target price on ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. BTIG Research upgraded shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, November 13th. HSBC initiated coverage on shares of ON in a research report on Thursday, September 5th. They issued a “hold” rating and a $52.00 target price on the stock. UBS Group upped their price objective on shares of ON from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, KeyCorp lifted their target price on ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.33.

About ON

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.