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

Villere ST Denis J & Co. LLC cut its position in shares of On Holding AG (NYSE:ONON) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 700,431 shares of the company’s stock after selling 41,755 shares during the period. ON accounts for 3.5% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 6th biggest position. Villere ST Denis J & Co. LLC’s holdings in ON were worth $38,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ONON. Creative Planning raised its holdings in ON by 6.6% during the third quarter. Creative Planning now owns 18,779 shares of the company’s stock worth $942,000 after purchasing an additional 1,160 shares during the last quarter. nVerses Capital LLC acquired a new position in ON during the third quarter worth $65,000. Bleakley Financial Group LLC acquired a new position in ON during the third quarter worth $222,000. Blue Trust Inc. raised its holdings in ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in ON by 23.4% during the third quarter. Raymond James & Associates now owns 256,725 shares of the company’s stock worth $12,875,000 after purchasing an additional 48,600 shares during the last quarter. 36.39% of the stock is owned by institutional investors and hedge funds.

ON Trading Down 0.8 %

ONON stock opened at $51.94 on Friday. The stock has a 50-day moving average price of $56.89 and a two-hundred day moving average price of $51.49. On Holding AG has a 12-month low of $27.37 and a 12-month high of $64.05. The company has a market cap of $32.70 billion, a PE ratio of 120.79, a price-to-earnings-growth ratio of 1.20 and a beta of 2.30.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $64.00 price target on shares of ON in a report on Wednesday, January 15th. Telsey Advisory Group reissued an “outperform” rating and issued a $67.00 price target on shares of ON in a report on Wednesday, January 15th. The Goldman Sachs Group cut ON from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a report on Wednesday. Truist Financial boosted their price target on ON from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Barclays boosted their price target on ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ON presently has an average rating of “Moderate Buy” and a consensus target price of $59.73.

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.