On Holding AG (NYSE:ONON) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV decreased its position in On Holding AG (NYSE:ONON) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,110 shares of the company’s stock after selling 690 shares during the quarter. Forte Capital LLC ADV’s holdings in ON were worth $773,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ONON. Cerity Partners LLC lifted its holdings in shares of ON by 189.9% in the third quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock valued at $36,083,000 after buying an additional 471,323 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of ON by 338.3% in the third quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company’s stock valued at $29,834,000 after buying an additional 459,157 shares during the period. Jennison Associates LLC lifted its holdings in shares of ON by 27.4% during the fourth quarter. Jennison Associates LLC now owns 2,049,644 shares of the company’s stock valued at $112,259,000 after purchasing an additional 440,685 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of 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 during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of ON in the 3rd quarter valued at $10,263,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ONON. Barclays increased their price target on ON from $47.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lowered ON from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research report on Wednesday, February 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $67.00 price target on shares of ON in a research report on Wednesday, January 15th. Citigroup began coverage on ON in a research report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price target for the company. Finally, BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.73.

ON Stock Down 5.8 %

Shares of NYSE ONON opened at $48.23 on Friday. 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 $30.37 billion, a P/E ratio of 112.16, a P/E/G ratio of 1.04 and a beta of 2.30. The business’s 50 day moving average is $56.37 and its two-hundred day moving average is $51.91.

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.