Banque Cantonale Vaudoise Lowers Position in On Holding AG (NYSE:ONON)

Banque Cantonale Vaudoise lowered its holdings in On Holding AG (NYSE:ONON - Free Report) by 32.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,549 shares of the company's stock after selling 29,092 shares during the period. Banque Cantonale Vaudoise's holdings in ON were worth $3,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Blue Trust Inc. boosted its holdings in ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company's stock valued at $27,000 after acquiring an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock valued at $28,000 after purchasing an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in ON during the third quarter worth about $29,000. Quarry LP acquired a new stake in shares of ON during the second quarter worth $32,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of ON in the third quarter worth $50,000. Institutional investors and hedge funds own 33.11% of the company's stock.

ON Price Performance

Shares of ON stock traded up $0.35 during trading on Wednesday, hitting $53.75. 1,655,417 shares of the company's stock traded hands, compared to its average volume of 4,945,894. On Holding AG has a 1 year low of $25.78 and a 1 year high of $56.44. The business has a 50-day simple moving average of $50.01 and a 200-day simple moving average of $43.68. The stock has a market capitalization of $33.84 billion, a P/E ratio of 125.00 and a beta of 2.25.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ONON. UBS Group boosted their target price on ON from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Bank of America upgraded shares of ON from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $21.00 to $55.00 in a research report on Monday, September 23rd. Telsey Advisory Group reissued an "outperform" rating and issued a $53.00 price objective on shares of ON in a research note on Tuesday, November 12th. HSBC assumed coverage on shares of ON in a research report on Thursday, September 5th. They set a "hold" rating and a $52.00 price target on the stock. Finally, BTIG Research upgraded ON from a "neutral" rating to a "buy" rating and set a $64.00 target price on the stock in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $54.33.

ON Company Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.