Axxcess Wealth Management LLC Acquires Shares of 6,766 On Holding AG (NYSE:ONON)

Axxcess Wealth Management LLC bought a new position in On Holding AG (NYSE:ONON) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,766 shares of the company’s stock, valued at approximately $371,000.

Several other large investors have also recently modified their holdings of ONON. Private Trust Co. NA bought a new stake in ON during the 3rd quarter valued at about $26,000. Legacy Bridge LLC bought a new stake in shares of ON during the fourth quarter valued at approximately $43,000. Arcadia Investment Management Corp MI purchased a new position in ON in the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC bought a new position in ON in the 4th quarter valued at approximately $65,000. Finally, Blue Trust Inc. boosted its stake in ON by 148.8% during the 4th quarter. Blue Trust Inc. now owns 1,316 shares of the company’s stock valued at $66,000 after purchasing an additional 787 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Stock Up 1.4 %

NYSE ONON opened at $46.22 on Friday. The business has a 50-day moving average price of $53.05 and a 200-day moving average price of $52.57. The firm has a market cap of $29.10 billion, a price-to-earnings ratio of 107.49, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05.

Wall Street Analysts Forecast Growth

ONON has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $67.00 price target on shares of ON in a report on Tuesday, March 4th. Williams Trading raised their price target on shares of ON from $60.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Stifel Nicolaus boosted their price objective on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $64.00 target price on shares of ON in a research report on Tuesday, March 4th. Finally, HSBC raised ON from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, ON has an average rating of “Buy” and a consensus price target 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.