On Holding AG (NYSE:ONON) Stock Holdings Lifted by Spire Wealth Management

Spire Wealth Management raised its position in On Holding AG (NYSE:ONON) by 134.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,567 shares of the company’s stock after purchasing an additional 2,044 shares during the quarter. Spire Wealth Management’s holdings in ON were worth $195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA bought a new stake in shares of ON during the 3rd quarter worth about $26,000. Blue Trust Inc. boosted its stake in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after acquiring an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after acquiring an additional 400 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of ON during the 3rd quarter worth about $29,000. Finally, Legacy Bridge LLC bought a new stake in shares of ON during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Trading Down 5.7 %

Shares of ONON opened at $56.30 on Friday. On Holding AG has a 1 year low of $27.37 and a 1 year high of $64.05. The stock has a 50 day simple moving average of $57.46 and a 200-day simple moving average of $50.89. The stock has a market cap of $35.45 billion, a PE ratio of 130.93, a PEG ratio of 1.21 and a beta of 2.30.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ONON shares. Stifel Nicolaus upped their price target on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Williams Trading upgraded ON from a “hold” rating to a “buy” rating and increased their target price for the company from $40.00 to $60.00 in a research note on Wednesday, November 13th. Truist Financial increased their target price on ON from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. TD Cowen increased their target price on ON from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Raymond James upgraded ON from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $58.00 to $63.00 in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.73.

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.