Peregrine Capital Management LLC Sells 18,662 Shares of On Holding AG (NYSE:ONON)

Peregrine Capital Management LLC decreased its holdings in On Holding AG (NYSE:ONON - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 176,956 shares of the company's stock after selling 18,662 shares during the quarter. Peregrine Capital Management LLC's holdings in ON were worth $9,692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning raised its holdings in shares of ON by 6.6% in the third quarter. Creative Planning now owns 18,779 shares of the company's stock valued at $942,000 after buying an additional 1,160 shares during the last quarter. nVerses Capital LLC bought a new position in shares of ON in the third quarter worth about $65,000. Bleakley Financial Group LLC bought a new position in shares of ON in the third quarter worth about $222,000. Blue Trust Inc. lifted its position in shares of ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company's stock worth $27,000 after purchasing an additional 403 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of ON by 23.4% during the third quarter. Raymond James & Associates now owns 256,725 shares of the company's stock valued at $12,875,000 after purchasing an additional 48,600 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on ONON. Morgan Stanley boosted their price objective on shares of ON from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Citigroup began coverage on ON in a research report on Wednesday, December 18th. They set a "neutral" rating and a $65.00 target price for the company. Stifel Nicolaus raised their price target on ON from $60.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Barclays boosted their price objective on ON from $47.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, TD Cowen upped their target price on shares of ON from $65.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ON has a consensus rating of "Moderate Buy" and a consensus target price of $59.73.

ON Trading Down 5.8 %

Shares of ONON stock traded down $2.98 on Friday, hitting $48.23. The stock had a trading volume of 6,438,252 shares, compared to its average volume of 3,854,274. The firm has a market cap of $30.37 billion, a P/E ratio of 112.16, a PEG ratio of 1.04 and a beta of 2.30. On Holding AG has a twelve month low of $27.37 and a twelve month high of $64.05. The company has a fifty day moving average price of $56.37 and a two-hundred day moving average price of $51.91.

ON Company Profile

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.