Bennett Selby Investments LP Has $1.20 Million Stock Holdings in On Holding AG (NYSE:ONON)

Bennett Selby Investments LP raised its stake in shares of On Holding AG (NYSE:ONON) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,849 shares of the company’s stock after buying an additional 1,578 shares during the period. Bennett Selby Investments LP’s holdings in ON were worth $1,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capricorn Fund Managers Ltd purchased a new stake in shares of ON during the fourth quarter worth $3,536,000. Merit Financial Group LLC purchased a new stake in shares of ON during the 4th quarter worth about $653,000. Park Avenue Securities LLC lifted its holdings in shares of ON by 19.1% during the 4th quarter. Park Avenue Securities LLC now owns 16,006 shares of the company’s stock valued at $877,000 after buying an additional 2,565 shares during the last quarter. Tsfg LLC grew its stake in shares of ON by 143.6% in the 4th quarter. Tsfg LLC now owns 3,338 shares of the company’s stock valued at $183,000 after buying an additional 1,968 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC raised its position in ON by 3.7% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 64,830 shares of the company’s stock valued at $3,584,000 after acquiring an additional 2,330 shares in the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. KeyCorp raised their target price on ON from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America initiated coverage on ON in a report on Tuesday, January 7th. They issued a “buy” rating and a $73.00 target price for the company. Piper Sandler lifted their price target on shares of ON from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $67.00 price objective on shares of ON in a report on Wednesday, January 15th. Finally, UBS Group reiterated a “buy” rating and issued a $63.00 target price on shares of ON in a report on Friday, December 27th. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, ON presently has a consensus rating of “Moderate Buy” and an average target price of $59.73.

ON Price Performance

ONON stock opened at $60.21 on Friday. The stock has a market capitalization of $37.91 billion, a price-to-earnings ratio of 140.02, a P/E/G ratio of 1.19 and a beta of 2.30. The business has a fifty day moving average price of $56.68 and a 200 day moving average price of $49.52. On Holding AG has a fifty-two week low of $26.10 and a fifty-two week high of $60.99.

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.