On Holding AG (NYSE:ONON) Shares Purchased by Bennett Selby Investments LP

Bennett Selby Investments LP lifted its holdings in shares of On Holding AG (NYSE:ONON) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,849 shares of the company’s stock after acquiring an additional 1,578 shares during the quarter. Bennett Selby Investments LP’s holdings in ON were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Capricorn Fund Managers Ltd acquired a new stake in ON during the 4th quarter valued at $3,536,000. Merit Financial Group LLC acquired a new position in shares of ON in the fourth quarter worth about $653,000. Park Avenue Securities LLC grew its stake in ON by 19.1% during the 4th quarter. Park Avenue Securities LLC now owns 16,006 shares of the company’s stock valued at $877,000 after purchasing an additional 2,565 shares in the last quarter. Tsfg LLC increased its holdings in ON by 143.6% during the 4th quarter. Tsfg LLC now owns 3,338 shares of the company’s stock worth $183,000 after purchasing an additional 1,968 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC boosted its stake in shares of ON by 3.7% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 64,830 shares of the company’s stock valued at $3,584,000 after buying an additional 2,330 shares during the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

ON Stock Performance

ON stock opened at $60.21 on Friday. The firm has a market cap of $37.91 billion, a price-to-earnings ratio of 140.02, a price-to-earnings-growth ratio of 1.19 and a beta of 2.30. On Holding AG has a 1 year low of $26.10 and a 1 year high of $60.99. The firm’s 50 day moving average price is $56.68 and its two-hundred day moving average price is $49.52.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $64.00 target price on shares of ON in a research note on Wednesday, January 15th. Williams Trading upgraded ON from a “hold” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $60.00 in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their price objective on shares of ON from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Piper Sandler increased their target price on shares of ON from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Finally, Bank of America started coverage on shares of ON in a report on Tuesday, January 7th. They issued a “buy” rating and a $73.00 price target for the company. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.73.

ON 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.