Keystone Investors PTE Ltd. Has $1.64 Million Stock Holdings in On Holding AG (NYSE:ONON)

Keystone Investors PTE Ltd. lifted its holdings in shares of On Holding AG (NYSE:ONON) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,918 shares of the company’s stock after buying an additional 228 shares during the period. Keystone Investors PTE Ltd.’s holdings in ON were worth $1,639,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. raised its stake in ON by 53.0% during the third quarter. Advisors Asset Management Inc. now owns 7,572 shares of the company’s stock worth $380,000 after acquiring an additional 2,622 shares in the last quarter. Penserra Capital Management LLC boosted its position in ON by 17.4% in the third quarter. Penserra Capital Management LLC now owns 33,801 shares of the company’s stock valued at $1,694,000 after buying an additional 5,000 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of ON during the third quarter worth $658,000. Private Trust Co. NA acquired a new position in shares of ON during the third quarter worth $26,000. Finally, Bank of Montreal Can boosted its holdings in shares of ON by 27.2% during the 3rd quarter. Bank of Montreal Can now owns 46,320 shares of the company’s stock valued at $2,368,000 after acquiring an additional 9,895 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors.

ON Trading Up 4.6 %

ON stock opened at $48.38 on Tuesday. On Holding AG has a 1-year low of $29.84 and a 1-year high of $64.05. The firm has a market cap of $30.47 billion, a P/E ratio of 112.52, a P/E/G ratio of 1.02 and a beta of 2.35. The firm has a 50-day moving average of $52.91 and a 200-day moving average of $52.69.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ONON shares. UBS Group lifted their target price on shares of ON from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Stifel Nicolaus upped their target price on ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. KeyCorp restated an “overweight” rating and issued a $68.00 price target on shares of ON in a research report on Wednesday, March 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $67.00 price objective on shares of ON in a research report on Tuesday, March 4th. Finally, Citigroup initiated coverage on shares of ON in a report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $61.90.

ON 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.