Wealthcare Advisory Partners LLC Lowers Holdings in On Holding AG (NYSE:ONON)

Wealthcare Advisory Partners LLC reduced its stake in shares of On Holding AG (NYSE:ONON) by 1.0% in the 4th quarter, Holdings Channel reports. The fund owned 35,787 shares of the company’s stock after selling 345 shares during the period. Wealthcare Advisory Partners LLC’s holdings in ON were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of ONON. Capital Advisors Inc. OK increased its stake in shares of ON by 5.1% in the 3rd quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock valued at $310,000 after purchasing an additional 301 shares in the last quarter. Sage Capital Advisors llc increased its position in shares of ON by 0.3% in the third quarter. Sage Capital Advisors llc now owns 99,859 shares of the company’s stock valued at $5,008,000 after buying an additional 328 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the period. Blue Trust Inc. lifted its position in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after buying an additional 403 shares in the last quarter. Finally, King Luther Capital Management Corp grew its stake in ON by 0.7% in the 2nd quarter. King Luther Capital Management Corp now owns 56,021 shares of the company’s stock valued at $2,174,000 after acquiring an additional 405 shares during the period. 36.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ONON has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of ON from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. UBS Group reaffirmed a “buy” rating and issued a $63.00 price target on shares of ON in a research note on Friday, December 27th. Truist Financial boosted their price objective on ON from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Bank of America began coverage on ON in a research report on Tuesday, January 7th. They issued a “buy” rating and a $73.00 target price on the stock. Finally, KeyCorp boosted their price target on ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $58.50.

ON Stock Performance

ONON opened at $58.02 on Friday. The business’s 50 day moving average price is $56.00 and its 200 day moving average price is $48.82. The stock has a market capitalization of $36.53 billion, a PE ratio of 134.94, a P/E/G ratio of 1.16 and a beta of 2.30. On Holding AG has a one year low of $26.03 and a one year high of $60.12.

About ON

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.