On Holding AG (NYSE:ONON) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its position in On Holding AG (NYSE:ONON) by 9.1% in the fourth quarter, Holdings Channel reports. The firm owned 20,448 shares of the company’s stock after selling 2,052 shares during the period. Hantz Financial Services Inc.’s holdings in ON were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ONON. Private Trust Co. NA acquired a new stake in shares of ON in the third quarter valued at approximately $26,000. Blue Trust Inc. boosted its stake in ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in ON during the 3rd quarter worth $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in 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 purchasing an additional 400 shares during the last quarter. Finally, Legacy Bridge LLC acquired a new position in ON in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Stock Down 5.8 %

Shares of ONON stock opened at $59.90 on Friday. On Holding AG has a fifty-two week low of $26.22 and a fifty-two week high of $64.05. The business has a fifty day simple moving average of $57.40 and a 200-day simple moving average of $50.37. The stock has a market cap of $37.72 billion, a P/E ratio of 139.31, a P/E/G ratio of 1.27 and a beta of 2.30.

Wall Street Analyst Weigh In

ONON has been the topic of a number of research reports. Bank of America assumed coverage on ON in a report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price target on the stock. Stifel Nicolaus boosted their target price on ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $67.00 price target on shares of ON in a report on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and issued a $64.00 price objective on shares of ON in a research note on Wednesday, January 15th. Finally, UBS Group restated a “buy” rating and issued a $63.00 target price on shares of ON in a research note on Friday, December 27th. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on 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.