On Holding AG (NYSE:ONON) Shares Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. decreased its position in shares of On Holding AG (NYSE:ONON) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,081 shares of the company’s stock after selling 6,038 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in ON were worth $3,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of ON by 21.9% during the second quarter. Bank of Montreal Can now owns 36,425 shares of the company’s stock worth $1,419,000 after acquiring an additional 6,551 shares during the last quarter. Creative Planning increased its holdings in ON by 13.6% during the 2nd quarter. Creative Planning now owns 17,619 shares of the company’s stock worth $684,000 after purchasing an additional 2,115 shares during the last quarter. Quarry LP acquired a new position in shares of ON in the 2nd quarter valued at approximately $32,000. Truist Financial Corp purchased a new position in shares of ON during the 2nd quarter valued at approximately $463,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of ON during the 2nd quarter valued at approximately $1,108,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Price Performance

Shares of NYSE:ONON opened at $59.90 on Friday. The stock’s 50 day moving average price is $57.40 and its 200 day moving average price is $50.37. The stock has a market cap of $37.72 billion, a price-to-earnings ratio of 139.31, a PEG ratio of 1.27 and a beta of 2.30. On Holding AG has a 12 month low of $26.22 and a 12 month high of $64.05.

Analysts Set New Price Targets

Several analysts recently issued reports on ONON shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $64.00 price target on shares of ON in a report on Wednesday, January 15th. Stifel Nicolaus boosted their target price on shares of ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, November 13th. UBS Group reissued a “buy” rating and issued a $63.00 price objective on shares of ON in a report on Friday, December 27th. Finally, TD Cowen upped their price target on ON from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, nineteen have assigned 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 a consensus price target of $59.73.

ON 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.