Zevenbergen Capital Investments LLC cut its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,276 shares of the company's stock after selling 38,202 shares during the quarter. Zevenbergen Capital Investments LLC owned approximately 0.10% of ON worth $34,685,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of ONON. Private Trust Co. NA bought a new position in shares of ON in the third quarter valued at $26,000. Legacy Bridge LLC bought a new position in shares of ON in the 4th quarter valued at about $43,000. Arcadia Investment Management Corp MI bought a new position in shares of ON in the 4th quarter valued at about $53,000. VisionPoint Advisory Group LLC acquired a new position in shares of ON during the 4th quarter worth about $65,000. Finally, Blue Trust Inc. raised its holdings in shares of ON by 148.8% in the 4th quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock valued at $66,000 after purchasing an additional 787 shares during the period. 36.39% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have weighed in on ONON shares. HSBC raised ON from a "hold" rating to a "buy" rating and set a $58.00 price target on the stock in a research report on Tuesday, March 11th. Barclays boosted their target price on ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. TD Cowen raised their price target on ON from $65.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. KeyCorp reaffirmed an "overweight" rating and issued a $68.00 price objective on shares of ON in a report on Wednesday, March 5th. Finally, UBS Group lifted their price objective on ON from $65.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, ON presently has an average rating of "Buy" and an average price target of $61.90.
Get Our Latest Report on ONON
ON Stock Performance
Shares of ON stock traded down $1.91 on Friday, hitting $44.10. The stock had a trading volume of 4,702,171 shares, compared to its average volume of 4,371,741. The stock has a 50 day moving average of $52.13 and a 200 day moving average of $52.62. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05. The firm has a market capitalization of $27.76 billion, a P/E ratio of 102.55, a PEG ratio of 1.02 and a beta of 2.35.
About ON
(
Free Report)
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.
Further Reading
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