Great Point Wealth Advisors LLC Takes Position in On Holding AG $ONON

Great Point Wealth Advisors LLC bought a new stake in shares of On Holding AG (NYSE:ONON) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,946 shares of the company’s stock, valued at approximately $1,607,000.

A number of other large investors have also bought and sold shares of ONON. Rakuten Securities Inc. lifted its position in ON by 133.2% in the third quarter. Rakuten Securities Inc. now owns 10,220 shares of the company’s stock valued at $433,000 after purchasing an additional 5,837 shares during the last quarter. Robeco Schweiz AG grew its stake in shares of ON by 43.8% in the third quarter. Robeco Schweiz AG now owns 42,637 shares of the company’s stock worth $1,806,000 after acquiring an additional 12,996 shares during the last quarter. Peregrine Capital Management LLC increased its stake in ON by 49.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 278,319 shares of the company’s stock valued at $11,787,000 after purchasing an additional 92,423 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of ON during the third quarter valued at approximately $1,473,000. Finally, SG Americas Securities LLC raised its stake in shares of ON by 65.6% in the third quarter. SG Americas Securities LLC now owns 148,968 shares of the company’s stock worth $6,309,000 after purchasing an additional 59,027 shares during the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on ONON shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 target price on shares of ON in a report on Wednesday. UBS Group reaffirmed a “buy” rating on shares of ON in a research note on Monday, January 5th. Bank of America boosted their price objective on ON from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. TD Cowen raised their price objective on shares of ON from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Truist Financial lowered their target price on shares of ON from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.59.

ON Stock Performance

ONON opened at $45.13 on Friday. On Holding AG has a 1 year low of $34.38 and a 1 year high of $64.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.55 and a quick ratio of 2.05. The firm has a fifty day moving average price of $45.65 and a 200 day moving average price of $45.59. The stock has a market cap of $28.34 billion, a P/E ratio of 58.61, a P/E/G ratio of 1.38 and a beta of 2.15.

About ON

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.