Massachusetts Financial Services Co. MA Sells 7,792 Shares of On Holding AG (NYSE:ONON)

Massachusetts Financial Services Co. MA lowered its holdings in On Holding AG (NYSE:ONONFree Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 477,418 shares of the company’s stock after selling 7,792 shares during the period. Massachusetts Financial Services Co. MA’s holdings in ON were worth $12,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in shares of ON by 20.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,145 shares of the company’s stock worth $60,000 after acquiring an additional 367 shares during the period. Janney Capital Management LLC boosted its holdings in shares of ON by 2.7% in the 3rd quarter. Janney Capital Management LLC now owns 14,450 shares of the company’s stock valued at $402,000 after purchasing an additional 384 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of ON by 34.8% in the 3rd quarter. Pittenger & Anderson Inc. now owns 1,550 shares of the company’s stock valued at $43,000 after purchasing an additional 400 shares during the last quarter. Spire Wealth Management raised its holdings in shares of ON by 91.0% during the 3rd quarter. Spire Wealth Management now owns 972 shares of the company’s stock worth $27,000 after buying an additional 463 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its position in shares of ON by 2.7% during the 4th quarter. Avitas Wealth Management LLC now owns 22,943 shares of the company’s stock worth $619,000 after buying an additional 602 shares during the last quarter. Institutional investors and hedge funds own 33.11% of the company’s stock.

ON Stock Performance

Shares of NYSE ONON opened at $38.12 on Friday. The company’s 50 day moving average price is $33.34 and its 200-day moving average price is $30.51. On Holding AG has a 52-week low of $23.41 and a 52-week high of $38.65. The company has a market capitalization of $24.00 billion, a P/E ratio of 86.64, a price-to-earnings-growth ratio of 1.34 and a beta of 2.17.

ON (NYSE:ONONGet Free Report) last announced its earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The firm had revenue of $504.69 million for the quarter, compared to the consensus estimate of $515.30 million. ON had a return on equity of 11.13% and a net margin of 6.46%. Analysts forecast that On Holding AG will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

ONON has been the subject of several research analyst reports. Truist Financial increased their target price on shares of ON from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday. William Blair began coverage on shares of ON in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Redburn Atlantic reiterated a “neutral” rating and set a $34.00 price target on shares of ON in a report on Thursday, March 7th. Telsey Advisory Group raised their price objective on ON from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Needham & Company LLC increased their target price on ON from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and fourteen have issued a 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 $39.87.

Get Our Latest Research Report on ONON

ON Company Profile

(Free Report)

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.

Further Reading

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Institutional Ownership by Quarter for ON (NYSE:ONON)

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