Y.D. More Investments Ltd Buys 9,130 Shares of On Holding AG (NYSE:ONON)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Yorktown Management & Research Co Inc bought a new stake in shares of ON during the 4th quarter valued at $471,000. Stratos Wealth Partners LTD. increased its stake in shares of ON by 12.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 25,969 shares of the company’s stock valued at $1,422,000 after acquiring an additional 2,824 shares during the last quarter. Calamos Advisors LLC raised its position in shares of ON by 9.9% in the 4th quarter. Calamos Advisors LLC now owns 46,648 shares of the company’s stock valued at $2,555,000 after acquiring an additional 4,214 shares during the period. Jennison Associates LLC boosted its stake in ON by 27.4% during the 4th quarter. Jennison Associates LLC now owns 2,049,644 shares of the company’s stock worth $112,259,000 after acquiring an additional 440,685 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in ON by 134.2% during the fourth quarter. Spire Wealth Management now owns 3,567 shares of the company’s stock valued at $195,000 after purchasing an additional 2,044 shares during the period. Institutional investors own 36.39% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ONON shares. Morgan Stanley raised their price objective on ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Barclays upped their price target on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. The Goldman Sachs Group boosted their price objective on shares of ON from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Raymond James raised ON from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $58.00 to $63.00 in a research report on Thursday, November 21st. Finally, UBS Group restated a “buy” rating and set a $63.00 price objective on shares of ON in a research note on Friday, December 27th. Four research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

ON Trading Down 0.4 %

ON stock opened at $58.28 on Wednesday. The stock has a 50-day moving average price of $57.40 and a two-hundred day moving average price of $50.77. On Holding AG has a 12 month low of $26.87 and a 12 month high of $64.05. The company has a market capitalization of $36.69 billion, a PE ratio of 135.53, a P/E/G ratio of 1.21 and a beta of 2.30.

ON 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.