DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 82.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,284 shares of the company's stock after selling 69,790 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in ON were worth $837,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the business. Cresset Asset Management LLC boosted its holdings in ON by 29.5% during the fourth quarter. Cresset Asset Management LLC now owns 8,702 shares of the company's stock worth $477,000 after buying an additional 1,983 shares during the last quarter. Cetera Investment Advisers raised its position in shares of ON by 24.1% in the 4th quarter. Cetera Investment Advisers now owns 47,186 shares of the company's stock valued at $2,584,000 after acquiring an additional 9,176 shares during the period. Baird Financial Group Inc. raised its position in shares of ON by 66.4% in the 4th quarter. Baird Financial Group Inc. now owns 98,007 shares of the company's stock valued at $5,368,000 after acquiring an additional 39,102 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of ON in the 4th quarter valued at approximately $39,119,000. Finally, AXA S.A. raised its position in shares of ON by 5.1% in the 4th quarter. AXA S.A. now owns 684,794 shares of the company's stock valued at $37,506,000 after acquiring an additional 33,100 shares during the period. Institutional investors own 36.39% of the company's stock.
ON Stock Down 0.5%
NYSE ONON opened at $49.46 on Monday. On Holding AG has a 12-month low of $30.32 and a 12-month high of $64.05. The company has a market capitalization of $31.14 billion, a PE ratio of 115.03, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The firm's 50 day moving average is $45.20 and its 200-day moving average is $51.47.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of ON from $63.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. KeyCorp cut their price target on shares of ON from $68.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Stifel Nicolaus cut their price target on shares of ON from $66.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group downgraded shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 price target on the stock. in a research report on Wednesday, February 12th. Finally, Morgan Stanley dropped their target price on shares of ON from $66.00 to $62.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $58.73.
Read Our Latest Research Report on ONON
ON Profile
(
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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.
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