On Holding AG (NYSE:ONON) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP cut its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 373,931 shares of the company's stock after selling 45,605 shares during the quarter. Wasatch Advisors LP owned about 0.06% of ON worth $20,480,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ONON. Apollon Wealth Management LLC increased its holdings in ON by 74.0% in the fourth quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company's stock valued at $877,000 after buying an additional 6,808 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in ON by 34.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company's stock valued at $76,213,000 after purchasing an additional 349,789 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in ON during the fourth quarter worth $30,000. Principal Financial Group Inc. raised its holdings in ON by 96.5% during the third quarter. Principal Financial Group Inc. now owns 101,784 shares of the company's stock worth $5,104,000 after purchasing an additional 49,995 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in ON by 102.1% during the fourth quarter. New York State Common Retirement Fund now owns 221,820 shares of the company's stock worth $12,149,000 after purchasing an additional 112,078 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Williams Trading lifted their price target on ON from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Hsbc Global Res upgraded shares of ON from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Morgan Stanley increased their price target on shares of ON from $62.00 to $66.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Bank of America initiated coverage on ON in a research report on Tuesday, January 7th. They set a "buy" rating and a $73.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on ON in a report on Tuesday, April 1st. They set a "hold" rating and a $44.00 target price on the stock. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

ON Stock Up 3.3 %

Shares of ONON stock traded up $1.37 on Tuesday, reaching $42.68. 967,265 shares of the stock were exchanged, compared to its average volume of 4,638,657. On Holding AG has a 1-year low of $29.84 and a 1-year high of $64.05. The stock has a market cap of $26.87 billion, a P/E ratio of 99.29, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. The firm has a 50 day moving average of $46.03 and a two-hundred day moving average of $51.68.

ON Company Profile

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.