On Holding AG (NYSE:ONON) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 97.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 781 shares of the company's stock after selling 28,719 shares during the period. Headlands Technologies LLC's holdings in ON were worth $43,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Legacy Bridge LLC purchased a new position in ON during the fourth quarter valued at approximately $43,000. Arcadia Investment Management Corp MI purchased a new position in shares of ON during the 4th quarter valued at approximately $53,000. VisionPoint Advisory Group LLC acquired a new position in shares of ON in the 4th quarter valued at $65,000. Blue Trust Inc. boosted its holdings in ON by 148.8% during the fourth quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock worth $66,000 after buying an additional 787 shares in the last quarter. Finally, Allworth Financial LP grew its position in ON by 1,446.0% during the fourth quarter. Allworth Financial LP now owns 1,546 shares of the company's stock valued at $91,000 after buying an additional 1,446 shares during the period. Institutional investors and hedge funds own 36.39% of the company's stock.

ON Stock Performance

Shares of ONON stock traded up $0.49 on Friday, hitting $43.51. 4,352,427 shares of the stock traded hands, compared to its average volume of 4,670,422. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05. The firm's 50-day moving average price is $47.73 and its two-hundred day moving average price is $52.01. The stock has a market capitalization of $27.40 billion, a PE ratio of 101.19, a PEG ratio of 1.02 and a beta of 2.32.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ONON shares. Morgan Stanley increased their target price on shares of ON from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Bank of America assumed coverage on ON in a report on Tuesday, January 7th. They issued a "buy" rating and a $73.00 price objective on the stock. Barclays boosted their price objective on ON from $63.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Needham & Company LLC decreased their target price on ON from $64.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, KeyCorp reissued an "overweight" rating and issued a $68.00 price target on shares of ON in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

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.