On Holding AG (NYSE:ONON) Shares Bought by F M Investments LLC

F M Investments LLC grew its stake in On Holding AG (NYSE:ONON) by 58.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,545 shares of the company’s stock after buying an additional 3,516 shares during the period. F M Investments LLC’s holdings in ON were worth $523,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Financial Concepts LLC acquired a new stake in ON during the 4th quarter worth about $30,000. Legacy Bridge LLC purchased a new stake in ON in the fourth quarter valued at approximately $43,000. Bernard Wealth Management Corp. purchased a new position in ON during the 4th quarter worth approximately $44,000. Arcadia Investment Management Corp MI acquired a new stake in ON during the 4th quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of ON in the 4th quarter valued at $65,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ONON shares. Telsey Advisory Group reissued an “outperform” rating and set a $67.00 target price on shares of ON in a report on Tuesday, April 1st. Williams Trading lifted their price objective on ON from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. UBS Group upped their target price on ON from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Stifel Nicolaus reduced their price target on ON from $66.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Needham & Company LLC decreased their price target on ON from $64.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ON Stock Up 1.1 %

ONON stock opened at $43.51 on Friday. The stock has a market capitalization of $27.40 billion, a P/E ratio of 101.19, a P/E/G ratio of 1.02 and a beta of 2.32. On Holding AG has a 52 week low of $29.84 and a 52 week high of $64.05. The firm has a 50-day simple moving average of $48.03 and a 200-day simple moving average of $52.06.

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.