J.W. Cole Advisors Inc. Purchases 373 Shares of On Holding AG (NYSE:ONON)

J.W. Cole Advisors Inc. lifted its position in shares of On Holding AG (NYSE:ONON) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,708 shares of the company’s stock after buying an additional 373 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in ON were worth $586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA bought a new position in shares of ON during the 3rd quarter worth $26,000. Blue Trust Inc. grew its position 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 buying an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position 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 buying an additional 400 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of ON during the 3rd quarter worth $29,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of ON during the 4th quarter worth $30,000. Institutional investors own 36.39% of the company’s stock.

ON Stock Down 2.5 %

Shares of NYSE:ONON opened at $52.04 on Thursday. The business has a 50-day moving average price of $56.68 and a 200-day moving average price of $51.84. The stock has a market cap of $32.77 billion, a price-to-earnings ratio of 121.03, a PEG ratio of 1.04 and a beta of 2.30. On Holding AG has a 52-week low of $27.37 and a 52-week high of $64.05.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup assumed coverage on ON in a research report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $64.00 price objective on shares of ON in a research report on Wednesday, January 15th. Truist Financial raised their price objective on ON from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group downgraded ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research report on Wednesday, February 12th. Finally, BTIG Research raised ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.73.

About ON

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.