Prudential PLC Has $1.64 Million Stock Holdings in On Holding AG (NYSE:ONON)

Prudential PLC increased its position in On Holding AG (NYSE:ONON) by 97.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,961 shares of the company’s stock after buying an additional 14,770 shares during the quarter. Prudential PLC’s holdings in ON were worth $1,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. ExodusPoint Capital Management LP acquired a new position in ON in the 4th quarter valued at approximately $10,176,000. National Bank of Canada FI increased its holdings in ON by 4.4% in the fourth quarter. National Bank of Canada FI now owns 146,738 shares of the company’s stock valued at $8,046,000 after purchasing an additional 6,137 shares during the period. Franklin Resources Inc. raised its position in ON by 2.7% during the 4th quarter. Franklin Resources Inc. now owns 1,017,842 shares of the company’s stock worth $55,747,000 after purchasing an additional 26,595 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in ON by 2.8% during the 4th quarter. Alliancebernstein L.P. now owns 17,378,277 shares of the company’s stock worth $951,808,000 after buying an additional 471,805 shares during the period. Finally, Axiom Investors LLC DE bought a new stake in shares of ON in the 4th quarter valued at about $39,320,000. Institutional investors own 36.39% of the company’s stock.

ON Trading Up 5.1 %

Shares of NYSE:ONON opened at $39.56 on Monday. The stock has a market cap of $24.91 billion, a PE ratio of 92.00, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. The stock’s fifty day simple moving average is $50.36 and its two-hundred day simple moving average is $52.44. On Holding AG has a 1-year low of $29.84 and a 1-year high of $64.05.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group downgraded ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research report on Wednesday, February 12th. Hsbc Global Res upgraded shares of ON from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Bank of America assumed coverage on shares of ON in a research report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price objective for the company. TD Cowen boosted their target price on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, HSBC upgraded ON from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, ON presently has an average rating of “Moderate Buy” and an average target price of $60.45.

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.