On Holding AG (NYSE:ONON - Get Free Report) was the target of unusually large options trading on Tuesday. Stock traders bought 19,517 call options on the stock. This is an increase of approximately 59% compared to the average daily volume of 12,264 call options.
Several equities analysts have recently weighed in on ONON shares. Barclays upped their price objective on shares of ON from $47.00 to $63.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Piper Sandler raised their price objective on ON from $52.00 to $56.00 and gave the company an "overweight" rating in a research note on Thursday, October 3rd. Needham & Company LLC assumed coverage on ON in a report on Friday, November 22nd. They issued a "buy" rating and a $64.00 target price on the stock. Raymond James upgraded shares of ON from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $58.00 to $63.00 in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group raised their price objective on shares of ON from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ON presently has an average rating of "Moderate Buy" and a consensus price target of $57.86.
Read Our Latest Analysis on ONON
Shares of ONON traded down $0.87 during trading hours on Tuesday, reaching $54.51. 2,465,743 shares of the company's stock traded hands, compared to its average volume of 2,737,925. The firm's 50 day simple moving average is $55.48 and its 200-day simple moving average is $48.39. The stock has a market cap of $34.32 billion, a PE ratio of 126.77 and a beta of 2.30. ON has a 12 month low of $26.03 and a 12 month high of $60.12.
Institutional investors have recently made changes to their positions in the stock. Park Avenue Securities LLC increased its stake in ON by 19.1% in the fourth quarter. Park Avenue Securities LLC now owns 16,006 shares of the company's stock valued at $877,000 after acquiring an additional 2,565 shares during the last quarter. Tsfg LLC increased its position in shares of ON by 143.6% during the 4th quarter. Tsfg LLC now owns 3,338 shares of the company's stock valued at $183,000 after purchasing an additional 1,968 shares during the last quarter. Watts Gwilliam & Co. LLC raised its holdings in shares of ON by 3.7% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 64,830 shares of the company's stock valued at $3,584,000 after buying an additional 2,330 shares in the last quarter. Diversified Trust Co bought a new stake in ON in the 4th quarter worth approximately $995,000. Finally, Central Pacific Bank Trust Division boosted its stake in ON by 12.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,333 shares of the company's stock worth $566,000 after buying an additional 1,161 shares in the last quarter. Institutional investors own 36.39% of the company's stock.
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.
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