Sei Investments Co. Has $26.87 Million Holdings in On Holding AG (NYSE:ONON)

Sei Investments Co. increased its holdings in shares of On Holding AG (NYSE:ONON) by 78.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 490,503 shares of the company’s stock after purchasing an additional 214,909 shares during the quarter. Sei Investments Co. owned approximately 0.08% of ON worth $26,865,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ONON. Advisors Asset Management Inc. boosted its stake in shares of ON by 53.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 7,572 shares of the company’s stock worth $380,000 after buying an additional 2,622 shares during the last quarter. Penserra Capital Management LLC boosted its position in ON by 17.4% during the third quarter. Penserra Capital Management LLC now owns 33,801 shares of the company’s stock valued at $1,694,000 after purchasing an additional 5,000 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in ON in the third quarter valued at approximately $658,000. Private Trust Co. NA acquired a new position in shares of ON during the 3rd quarter worth approximately $26,000. Finally, Bank of Montreal Can raised its stake in shares of ON by 27.2% during the 3rd quarter. Bank of Montreal Can now owns 46,320 shares of the company’s stock worth $2,368,000 after purchasing an additional 9,895 shares in the last quarter. Institutional investors own 36.39% of the company’s stock.

ON Price Performance

Shares of NYSE:ONON opened at $47.99 on Wednesday. The company has a market capitalization of $30.22 billion, a P/E ratio of 111.61, a P/E/G ratio of 1.02 and a beta of 2.35. The business’s 50 day simple moving average is $52.91 and its 200 day simple moving average is $52.69. On Holding AG has a 1 year low of $29.84 and a 1 year high of $64.05.

Analyst Ratings Changes

Several equities analysts recently weighed in on ONON shares. TD Cowen raised their target price on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. KeyCorp restated an “overweight” rating and set a $68.00 price objective on shares of ON in a research note on Wednesday, March 5th. Barclays upped their target price on shares of ON from $63.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Hsbc Global Res upgraded ON from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, UBS Group upped their price objective on ON from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $61.90.

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.