On Holding AG (NYSE:ONON) Holdings Decreased by Truist Financial Corp

Truist Financial Corp lessened its stake in On Holding AG (NYSE:ONON) by 20.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,581 shares of the company’s stock after selling 2,489 shares during the period. Truist Financial Corp’s holdings in ON were worth $525,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ONON. International Assets Investment Management LLC bought a new stake in ON in the third quarter worth about $699,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of ON by 11.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,002 shares of the company’s stock worth $903,000 after purchasing an additional 1,899 shares in the last quarter. US Bancorp DE lifted its stake in ON by 207.7% during the third quarter. US Bancorp DE now owns 17,649 shares of the company’s stock valued at $885,000 after purchasing an additional 11,914 shares during the last quarter. Stephens Inc. AR grew its position in ON by 9.1% in the third quarter. Stephens Inc. AR now owns 41,777 shares of the company’s stock worth $2,095,000 after buying an additional 3,493 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in ON by 20.4% in the third quarter. Farther Finance Advisors LLC now owns 4,255 shares of the company’s stock worth $213,000 after buying an additional 722 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

Analysts Set New Price Targets

ONON has been the topic of a number of recent research reports. KeyCorp lifted their target price on ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Williams Trading upgraded ON from a “hold” rating to a “buy” rating and increased their price target for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and set a $64.00 price objective on shares of ON in a report on Wednesday, January 15th. The Goldman Sachs Group cut shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a report on Wednesday, February 12th. Finally, BTIG Research upgraded shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.73.

ON Trading Down 1.4 %

ON stock opened at $47.82 on Tuesday. On Holding AG has a 1-year low of $27.37 and a 1-year high of $64.05. The firm’s fifty day simple moving average is $55.58 and its 200-day simple moving average is $52.41. The company has a market capitalization of $30.11 billion, a P/E ratio of 111.21, a P/E/G ratio of 1.02 and a beta of 2.30.

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.