J. Safra Sarasin Holding AG Has $873,000 Holdings in On Holding AG (NYSE:ONON)

J. Safra Sarasin Holding AG lowered its stake in On Holding AG (NYSE:ONON - Free Report) by 32.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,871 shares of the company's stock after selling 9,331 shares during the period. J. Safra Sarasin Holding AG's holdings in ON were worth $873,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its position in shares of ON by 151.2% in the first quarter. Kestra Private Wealth Services LLC now owns 18,878 shares of the company's stock worth $829,000 after buying an additional 11,362 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of ON during the 4th quarter worth about $39,119,000. APEIRON CAPITAL Ltd lifted its position in shares of ON by 35.9% during the 1st quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company's stock worth $43,882,000 after purchasing an additional 264,000 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of ON by 9.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 6,282 shares of the company's stock worth $276,000 after purchasing an additional 544 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of ON during the 4th quarter worth about $28,575,000. Institutional investors and hedge funds own 36.39% of the company's stock.

Analyst Ratings Changes

ONON has been the subject of several research analyst reports. Cowen reissued a "buy" rating on shares of ON in a research report on Wednesday, May 14th. Needham & Company LLC boosted their price target on ON from $55.00 to $62.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. UBS Group set a $75.00 price target on ON in a research note on Wednesday, May 14th. Barclays set a $68.00 price target on ON in a research note on Wednesday, May 14th. Finally, Morgan Stanley lowered their price target on ON from $66.00 to $62.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.00.

ON Stock Up 1.1%

Shares of ONON opened at $47.57 on Tuesday. The company has a market capitalization of $29.95 billion, a P/E ratio of 67.96, a PEG ratio of 2.68 and a beta of 2.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.18. On Holding AG has a one year low of $34.59 and a one year high of $64.05. The business's 50 day simple moving average is $53.64 and its 200-day simple moving average is $51.37.

ON Profile

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.

Want to see what other hedge funds are holding ONON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Holding AG (NYSE:ONON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.