Bank Julius Baer & Co. Ltd Zurich Sells 7,123 Shares of On Holding AG $ONON

Bank Julius Baer & Co. Ltd Zurich decreased its position in On Holding AG (NYSE:ONON) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,477 shares of the company’s stock after selling 7,123 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in ON were worth $3,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ONON. Ramirez Asset Management Inc. boosted its holdings in ON by 20.0% during the second quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the last quarter. CWM LLC increased its stake in ON by 22.2% in the 1st quarter. CWM LLC now owns 1,259 shares of the company’s stock valued at $55,000 after buying an additional 229 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of ON by 1.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 24,939 shares of the company’s stock worth $1,298,000 after buying an additional 243 shares in the last quarter. Sterling Investment Counsel LLC boosted its stake in shares of ON by 5.5% in the 2nd quarter. Sterling Investment Counsel LLC now owns 5,750 shares of the company’s stock worth $299,000 after buying an additional 300 shares during the last quarter. Finally, TCTC Holdings LLC grew its holdings in shares of ON by 118.4% in the first quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Price Performance

Shares of NYSE:ONON opened at $41.20 on Friday. The company has a 50-day moving average price of $41.46 and a two-hundred day moving average price of $47.96. On Holding AG has a twelve month low of $34.38 and a twelve month high of $64.05. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $25.94 billion, a PE ratio of 53.51, a P/E/G ratio of 2.42 and a beta of 2.18.

Wall Street Analyst Weigh In

ONON has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on ON from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Bank of America boosted their price target on shares of ON from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Needham & Company LLC decreased their price objective on shares of ON from $62.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Citigroup lowered shares of ON from a “buy” rating to a “mixed” rating in a research report on Tuesday, October 28th. Finally, Barclays reduced their target price on shares of ON from $69.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, ON presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.14.

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.