Vanguard Capital Wealth Advisors Sells 2,550 Shares of On Holding AG (NYSE:ONON)

Vanguard Capital Wealth Advisors lessened its stake in On Holding AG (NYSE:ONON) by 34.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,798 shares of the company’s stock after selling 2,550 shares during the period. Vanguard Capital Wealth Advisors’ holdings in ON were worth $263,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in shares of ON in the fourth quarter worth approximately $30,000. Legacy Bridge LLC bought a new position in ON in the 4th quarter worth $43,000. Bernard Wealth Management Corp. purchased a new position in ON during the fourth quarter valued at $44,000. Arcadia Investment Management Corp MI bought a new stake in ON during the fourth quarter valued at about $53,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in ON in the fourth quarter worth about $65,000. Institutional investors own 36.39% of the company’s stock.

ON Stock Performance

Shares of ONON opened at $59.92 on Tuesday. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The company’s fifty day moving average is $46.43 and its 200 day moving average is $51.84. The stock has a market capitalization of $37.73 billion, a PE ratio of 139.35, a P/E/G ratio of 1.02 and a beta of 2.30.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ONON. Morgan Stanley lowered their price objective on ON from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. HSBC upgraded shares of ON from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, March 11th. Evercore ISI raised their price objective on shares of ON from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 14th. Cowen reaffirmed a “buy” rating on shares of ON in a report on Wednesday, May 14th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price target on shares of ON in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $62.45.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.