MML Investors Services LLC Purchases 15,313 Shares of On Holding AG (NYSE:ONON)

MML Investors Services LLC lifted its position in shares of On Holding AG (NYSE:ONON) by 54.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,200 shares of the company’s stock after buying an additional 15,313 shares during the period. MML Investors Services LLC’s holdings in ON were worth $2,166,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA purchased a new position in shares of ON during the third quarter worth approximately $26,000. Blue Trust Inc. raised its position in ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in ON in the third quarter worth $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in ON by 210.5% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after buying an additional 400 shares during the period. Finally, Quarry LP bought a new position in shares of ON during the second quarter valued at about $32,000. Institutional investors own 36.39% of the company’s stock.

ON Price Performance

Shares of NYSE ONON opened at $57.88 on Tuesday. The stock has a market cap of $36.44 billion, a P/E ratio of 134.61 and a beta of 2.30. On Holding AG has a 1 year low of $25.78 and a 1 year high of $60.12. The firm has a 50-day moving average of $52.77 and a 200 day moving average of $46.38.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America raised ON from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $55.00 in a research note on Monday, September 23rd. Needham & Company LLC assumed coverage on ON in a research note on Friday, November 22nd. They set a “buy” rating and a $64.00 price objective for the company. The Goldman Sachs Group lifted their target price on shares of ON from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and upped their price target for the company from $40.00 to $60.00 in a report on Wednesday, November 13th. Finally, HSBC started coverage on shares of ON in a report on Thursday, September 5th. They issued a “hold” rating and a $52.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.38.

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.