Park Avenue Securities LLC Purchases 2,499 Shares of On Holding AG (NYSE:ONON)

Park Avenue Securities LLC lifted its position in shares of On Holding AG (NYSE:ONON) by 15.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,505 shares of the company’s stock after purchasing an additional 2,499 shares during the period. Park Avenue Securities LLC’s holdings in ON were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ONON. Strategic Financial Concepts LLC acquired a new position in shares of ON in the fourth quarter worth approximately $30,000. Park Square Financial Group LLC acquired a new position in shares of ON in the fourth quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB acquired a new position in ON in the first quarter valued at approximately $32,000. Bernard Wealth Management Corp. acquired a new position in ON in the fourth quarter valued at approximately $44,000. Finally, Arcadia Investment Management Corp MI acquired a new position in ON in the fourth quarter valued at approximately $53,000. 36.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ONON shares. UBS Group set a $75.00 price target on ON in a research note on Wednesday, May 14th. Evercore ISI upped their target price on ON from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. Robert W. Baird upped their target price on ON from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. Stifel Nicolaus upped their target price on ON from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Finally, Williams Trading upped their target price on ON from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, ON has an average rating of “Buy” and a consensus target price of $63.05.

ON Price Performance

Shares of NYSE:ONON opened at $52.35 on Friday. The company has a market capitalization of $32.96 billion, a PE ratio of 121.74, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. The business has a fifty day moving average price of $51.51 and a two-hundred day moving average price of $52.53. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.