Amundi Decreases Stake in On Holding AG (NYSE:ONON)

Amundi lessened its stake in On Holding AG (NYSE:ONON - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 436,716 shares of the company's stock after selling 43,169 shares during the quarter. Amundi owned approximately 0.07% of ON worth $24,255,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ONON. Principal Financial Group Inc. increased its stake in shares of ON by 96.5% in the third quarter. Principal Financial Group Inc. now owns 101,784 shares of the company's stock valued at $5,104,000 after purchasing an additional 49,995 shares during the period. Assetmark Inc. bought a new stake in ON during the third quarter worth approximately $160,000. Apollon Wealth Management LLC acquired a new position in ON in the 3rd quarter worth approximately $461,000. Prime Capital Investment Advisors LLC boosted its stake in ON by 8.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,175 shares of the company's stock worth $410,000 after purchasing an additional 650 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in ON by 62.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,661 shares of the company's stock worth $484,000 after purchasing an additional 3,723 shares during the period. Institutional investors and hedge funds own 36.39% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ONON. Raymond James upgraded shares of ON from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $58.00 to $63.00 in a report on Thursday, November 21st. Telsey Advisory Group restated an "outperform" rating and issued a $67.00 price target on shares of ON in a research report on Tuesday, March 4th. Stifel Nicolaus lifted their target price on shares of ON from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Needham & Company LLC reissued a "buy" rating and issued a $64.00 target price on shares of ON in a research note on Tuesday, March 4th. Finally, Barclays upped their price objective on shares of ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. 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 company's stock. Based on data from MarketBeat, ON has an average rating of "Buy" and an average price target of $61.90.

Remove Ads

ON Trading Down 0.7 %

Shares of ONON stock opened at $46.42 on Friday. On Holding AG has a 12-month low of $29.84 and a 12-month high of $64.05. The firm's 50 day moving average is $54.32 and its 200 day moving average is $52.62. The stock has a market capitalization of $29.23 billion, a P/E ratio of 107.94, a P/E/G 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.