Y.D. More Investments Ltd Grows Holdings in On Holding AG (NYSE:ONON)

Y.D. More Investments Ltd grew its holdings in shares of On Holding AG (NYSE:ONON) by 67.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,660 shares of the company’s stock after buying an additional 9,130 shares during the quarter. Y.D. More Investments Ltd’s holdings in ON were worth $1,241,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA acquired a new stake in shares of ON during the third quarter worth $26,000. Blue Trust Inc. increased its position in ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after acquiring an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of 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 purchasing an additional 400 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of ON during the 3rd quarter worth about $29,000. Finally, Legacy Bridge LLC acquired a new stake in shares of ON in the fourth quarter valued at $43,000. 36.39% of the stock is currently owned by institutional investors.

ON Trading Down 0.4 %

NYSE ONON opened at $58.28 on Wednesday. The stock’s 50 day moving average is $57.40 and its two-hundred day moving average is $50.77. On Holding AG has a 1-year low of $26.87 and a 1-year high of $64.05. The company has a market capitalization of $36.69 billion, a price-to-earnings ratio of 135.53, a PEG ratio of 1.21 and a beta of 2.30.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of ON in a research note on Tuesday, January 7th. They issued a “buy” rating and a $73.00 price objective on the stock. BTIG Research raised ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, November 13th. TD Cowen upped their target price on ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. The Goldman Sachs Group raised their price target on shares of ON from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Raymond James upgraded shares of ON from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $58.00 to $63.00 in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.