On Holding AG (NYSE:ONON) Stock Holdings Lessened by GeoWealth Management LLC

GeoWealth Management LLC cut its stake in shares of On Holding AG (NYSE:ONON) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,398 shares of the company’s stock after selling 544 shares during the quarter. GeoWealth Management LLC’s holdings in ON were worth $296,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Strategic Financial Concepts LLC acquired a new position in shares of ON in the 4th quarter valued at $30,000. Legacy Bridge LLC purchased a new stake in ON during the fourth quarter valued at about $43,000. Bernard Wealth Management Corp. acquired a new position in shares of ON in the fourth quarter worth about $44,000. Arcadia Investment Management Corp MI acquired a new position in shares of ON in the fourth quarter worth about $53,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of ON in the fourth quarter worth approximately $65,000. 36.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ONON shares. Hsbc Global Res raised shares of ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. TD Cowen lifted their price target on ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group started coverage on ON in a research report on Tuesday, April 1st. They set a “hold” rating and a $44.00 price target on the stock. Williams Trading lifted their target price on ON from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, UBS Group increased their price target on shares of ON from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.00.

ON Stock Up 3.4 %

Shares of ON stock opened at $42.71 on Wednesday. On Holding AG has a 12-month low of $29.84 and a 12-month high of $64.05. The stock has a market capitalization of $26.89 billion, a P/E ratio of 99.32, a PEG ratio of 1.02 and a beta of 2.32. The stock has a 50 day moving average price of $46.03 and a two-hundred day moving average price 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.