12,193 Shares in On Holding AG $ONON Bought by Inspire Advisors LLC

Inspire Advisors LLC bought a new stake in shares of On Holding AG (NYSE:ONON) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 12,193 shares of the company’s stock, valued at approximately $516,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Washington Trust Advisors Inc. acquired a new position in shares of ON in the 2nd quarter valued at about $29,000. GAMMA Investing LLC lifted its holdings in ON by 5,888.9% in the third quarter. GAMMA Investing LLC now owns 1,078 shares of the company’s stock worth $46,000 after acquiring an additional 1,060 shares during the last quarter. Ramirez Asset Management Inc. boosted its stake in ON by 20.0% in the second quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company’s stock valued at $62,000 after acquiring an additional 200 shares during the period. WD Rutherford LLC bought a new position in shares of ON during the second quarter valued at approximately $73,000. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of ON during the second quarter valued at approximately $83,000. 36.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on ON from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Zacks Research downgraded shares of ON from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of ON from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Finally, Needham & Company LLC reduced their target price on shares of ON from $62.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.59.

ON Trading Down 2.0%

Shares of ONON stock opened at $44.15 on Wednesday. On Holding AG has a 1 year low of $34.38 and a 1 year high of $64.05. The firm has a market capitalization of $27.72 billion, a PE ratio of 57.33, a price-to-earnings-growth ratio of 1.35 and a beta of 2.15. The stock has a fifty day moving average of $46.03 and a two-hundred day moving average of $45.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.05 and a current ratio of 2.55.

ON Company Profile

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.