American Century Companies Inc. Has $238.59 Million Stock Position in On Holding AG (NYSE:ONON)

American Century Companies Inc. lessened its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,356,160 shares of the company's stock after selling 352,523 shares during the quarter. American Century Companies Inc. owned 0.69% of ON worth $238,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in ON during the third quarter worth about $26,000. Legacy Bridge LLC purchased a new stake in shares of ON during the fourth quarter worth $43,000. Arcadia Investment Management Corp MI acquired a new stake in shares of ON in the fourth quarter valued at $53,000. VisionPoint Advisory Group LLC purchased a new position in ON in the fourth quarter valued at $65,000. Finally, Blue Trust Inc. grew its stake in ON by 148.8% during the 4th quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock worth $66,000 after purchasing an additional 787 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

Analysts Set New Price Targets

ONON has been the topic of a number of analyst reports. HSBC upgraded shares of ON from a "hold" rating to a "buy" rating and set a $58.00 price objective on the stock in a report on Tuesday, March 11th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $67.00 target price on shares of ON in a report on Tuesday, March 4th. Morgan Stanley upped their price objective on ON from $62.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group downgraded shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 target price on the stock. in a report on Wednesday, February 12th. Finally, Stifel Nicolaus lifted their price target on ON from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $61.90.

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ON Stock Performance

Shares of NYSE ONON traded down $0.09 during mid-day trading on Thursday, reaching $45.96. The company had a trading volume of 3,124,408 shares, compared to its average volume of 4,328,092. The stock has a fifty day moving average of $52.41 and a two-hundred day moving average of $52.62. On Holding AG has a 12-month low of $29.84 and a 12-month high of $64.05. The company has a market capitalization of $28.94 billion, a price-to-earnings ratio of 106.88, a PEG ratio of 1.02 and a beta of 2.35.

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.