On Holding AG (NYSE:ONON) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its holdings in On Holding AG (NYSE:ONON) by 18.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,084 shares of the company’s stock after acquiring an additional 1,094 shares during the period. TD Private Client Wealth LLC’s holdings in ON were worth $388,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Private Trust Co. NA acquired a new stake in shares of ON during the third quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new position in shares of ON during the 4th quarter worth approximately $30,000. Legacy Bridge LLC acquired a new stake in ON in the 4th quarter valued at approximately $43,000. Arcadia Investment Management Corp MI purchased a new stake in ON in the fourth quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC acquired a new position in ON during the fourth quarter worth $65,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ONON shares. Barclays increased their target price on ON from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. HSBC raised shares of ON from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Tuesday, March 11th. 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 on the stock. UBS Group raised their price target on shares of ON from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group cut ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research note on Wednesday, February 12th. Two equities research 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. According to data from MarketBeat.com, ON currently has an average rating of “Buy” and a consensus price target of $61.90.

ON Trading Up 4.6 %

Shares of ON stock opened at $48.38 on Tuesday. The company has a fifty day simple moving average of $52.91 and a 200-day simple moving average of $52.69. On Holding AG has a 12-month low of $29.84 and a 12-month high of $64.05. The stock has a market cap of $30.47 billion, a price-to-earnings ratio of 112.52, a PEG ratio of 1.02 and a beta of 2.35.

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.