Artemis Investment Management LLP Invests $224,000 in On Holding AG (NYSE:ONON)

Artemis Investment Management LLP purchased a new position in shares of On Holding AG (NYSE:ONONFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,298 shares of the company’s stock, valued at approximately $224,000.

Several other large investors have also modified their holdings of ONON. JPMorgan Chase & Co. boosted its holdings in shares of ON by 847.6% during the 1st quarter. JPMorgan Chase & Co. now owns 99,576 shares of the company’s stock worth $2,514,000 after buying an additional 112,896 shares during the period. Raymond James & Associates boosted its holdings in shares of ON by 14.1% during the 1st quarter. Raymond James & Associates now owns 29,120 shares of the company’s stock worth $735,000 after buying an additional 3,602 shares during the period. HighTower Advisors LLC boosted its holdings in shares of ON by 93.2% during the 1st quarter. HighTower Advisors LLC now owns 42,855 shares of the company’s stock worth $1,082,000 after buying an additional 20,675 shares during the period. Citigroup Inc. boosted its holdings in shares of ON by 982.6% during the 1st quarter. Citigroup Inc. now owns 30,128 shares of the company’s stock worth $760,000 after buying an additional 27,345 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of ON by 51.7% during the 1st quarter. BlackRock Inc. now owns 2,720,183 shares of the company’s stock worth $68,656,000 after buying an additional 926,847 shares during the period. 33.11% of the stock is owned by institutional investors.

ON Trading Down 1.5 %

ONON opened at $34.06 on Wednesday. The stock has a market capitalization of $21.42 billion, a PE ratio of 126.13, a PEG ratio of 1.35 and a beta of 2.18. On Holding AG has a 1-year low of $23.41 and a 1-year high of $37.08. The firm has a 50-day moving average price of $31.02 and a two-hundred day moving average price of $28.75.

Wall Street Analysts Forecast Growth

ONON has been the subject of a number of research reports. Piper Sandler increased their price target on shares of ON from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Redburn Atlantic reissued a “neutral” rating and issued a $34.00 price target on shares of ON in a report on Thursday, March 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price objective on shares of ON in a report on Tuesday, March 5th. Truist Financial raised their price objective on shares of ON from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. Finally, Evercore ISI reduced their price objective on shares of ON from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.89.

View Our Latest Research Report on ON

ON Profile

(Free Report)

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. The company was founded in 2010 and is headquartered in Zurich, Switzerland.

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Institutional Ownership by Quarter for ON (NYSE:ONON)

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