On Holding AG (NYSE:ONON) Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC cut its stake in On Holding AG (NYSE:ONON - Free Report) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 685,891 shares of the company's stock after selling 14,540 shares during the quarter. ON makes up approximately 2.9% of Villere ST Denis J & Co. LLC's portfolio, making the stock its 15th largest holding. Villere ST Denis J & Co. LLC owned approximately 0.11% of ON worth $30,124,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of ON in the fourth quarter valued at about $39,119,000. APEIRON CAPITAL Ltd grew its stake in ON by 35.9% during the 1st quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company's stock valued at $43,882,000 after acquiring an additional 264,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ON in the 4th quarter valued at about $28,575,000. Gerber Kawasaki Wealth & Investment Management lifted its stake in ON by 14.7% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 62,281 shares of the company's stock worth $3,411,000 after purchasing an additional 7,960 shares in the last quarter. Finally, Atala Financial Inc purchased a new position in ON in the 4th quarter worth approximately $1,067,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Trading Up 0.4%

NYSE:ONON traded up $0.23 on Tuesday, reaching $52.28. 4,707,588 shares of the company's stock were exchanged, compared to its average volume of 4,631,081. The firm has a market capitalization of $32.92 billion, a price-to-earnings ratio of 74.69, a price-to-earnings-growth ratio of 3.00 and a beta of 2.35. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $53.64 and a 200-day moving average of $52.03.

Analyst Ratings Changes

Several research firms recently commented on ONON. Stifel Nicolaus increased their price target on ON from $57.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Morgan Stanley dropped their target price on ON from $66.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Jefferies Financial Group initiated coverage on ON in a report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price target on the stock. Robert W. Baird boosted their price target on shares of ON from $63.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Finally, UBS Group set a $75.00 price objective on shares of ON in a research report on Wednesday, May 14th. 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 stock. Based on data from MarketBeat.com, ON currently has a consensus rating of "Buy" and an average price target of $63.85.

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.