4,382 Shares in On Holding AG (NYSE:ONON) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in On Holding AG (NYSE:ONON) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,382 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new position in ON in the 3rd quarter worth approximately $26,000. Legacy Bridge LLC purchased a new position in ON in the 4th quarter worth approximately $43,000. Arcadia Investment Management Corp MI purchased a new position in ON in the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC purchased a new position in ON in the 4th quarter worth approximately $65,000. Finally, Blue Trust Inc. raised its stake in ON by 148.8% during the 4th quarter. Blue Trust Inc. now owns 1,316 shares of the company’s stock valued at $66,000 after buying an additional 787 shares during the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ONON shares. Bank of America started coverage on shares of ON in a research note on Tuesday, January 7th. They set a “buy” rating and a $73.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $64.00 target price on shares of ON in a research note on Tuesday, March 4th. Raymond James upgraded shares of ON from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $58.00 to $63.00 in a research note on Thursday, November 21st. The Goldman Sachs Group lowered shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a research note on Wednesday, February 12th. Finally, KeyCorp reiterated an “overweight” rating and set a $68.00 target price on shares of ON in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $61.90.

ON Stock Performance

Shares of ONON stock opened at $47.01 on Thursday. On Holding AG has a 52-week low of $29.84 and a 52-week high of $64.05. The firm has a market capitalization of $29.60 billion, a PE ratio of 109.33, a PEG ratio of 1.02 and a beta of 2.35. The stock has a fifty day simple moving average of $53.63 and a two-hundred day simple moving average of $52.66.

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.