On Holding AG (NYSE:ONON) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 58.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 12,912 shares of the company's stock after selling 17,929 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in ON were worth $567,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Keystone Investors PTE Ltd. raised its stake in shares of ON by 0.8% in the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock worth $1,639,000 after buying an additional 228 shares in the last quarter. Sage Capital Advisors llc raised its position in shares of ON by 0.3% during the first quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock worth $4,406,000 after purchasing an additional 269 shares during the period. CreativeOne Wealth LLC raised its position in shares of ON by 2.4% during the fourth quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock worth $743,000 after purchasing an additional 323 shares during the period. Atria Investments Inc raised its position in shares of ON by 6.6% during the fourth quarter. Atria Investments Inc now owns 5,515 shares of the company's stock worth $302,000 after purchasing an additional 341 shares during the period. Finally, Merit Financial Group LLC raised its position in shares of ON by 2.9% during the first quarter. Merit Financial Group LLC now owns 12,275 shares of the company's stock worth $539,000 after purchasing an additional 348 shares during the period. Institutional investors and hedge funds own 36.39% of the company's stock.

Analyst Upgrades and Downgrades

ONON has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $65.00 target price on shares of ON in a research report on Tuesday, May 13th. Hsbc Global Res raised ON from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Morgan Stanley cut their target price on ON from $66.00 to $62.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. KeyCorp boosted their target price on ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Finally, Williams Trading upped their price target on ON from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $63.85.

ON Stock Up 0.1%

ONON stock opened at $51.55 on Friday. The stock's 50 day simple moving average is $53.22 and its 200 day simple moving average is $52.17. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.18 and a current ratio of 2.80. The company has a market cap of $32.46 billion, a P/E ratio of 73.64, a price-to-earnings-growth ratio of 2.94 and a beta of 2.35.

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.

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