IFP Advisors Inc Purchases 1,342 Shares of On Holding AG $ONON

IFP Advisors Inc raised its position in On Holding AG (NYSE:ONON) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,659 shares of the company’s stock after buying an additional 1,342 shares during the quarter. IFP Advisors Inc’s holdings in ON were worth $1,127,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ONON. Alliancebernstein L.P. raised its position in shares of ON by 13.9% in the first quarter. Alliancebernstein L.P. now owns 19,794,811 shares of the company’s stock valued at $869,388,000 after buying an additional 2,416,534 shares in the last quarter. Jennison Associates LLC increased its stake in shares of ON by 136.6% in the 1st quarter. Jennison Associates LLC now owns 4,848,438 shares of the company’s stock valued at $212,943,000 after purchasing an additional 2,798,794 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of ON by 1.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,395,611 shares of the company’s stock worth $149,136,000 after buying an additional 34,120 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of ON by 8.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,344,700 shares of the company’s stock worth $102,979,000 after buying an additional 178,750 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of ON during the 1st quarter valued at about $102,850,000. Institutional investors own 36.39% of the company’s stock.

ON Stock Down 3.2%

ONON opened at $41.93 on Monday. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05. The company’s 50-day moving average price is $44.61 and its two-hundred day moving average price is $48.72. The stock has a market cap of $26.40 billion, a price-to-earnings ratio of 93.18, a PEG ratio of 5.20 and a beta of 2.19. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ONON shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of ON in a report on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 price target on shares of ON in a research report on Thursday, August 7th. Raymond James Financial downgraded shares of ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 price objective on the stock. in a report on Tuesday, July 22nd. Needham & Company LLC reiterated a “buy” rating and set a $62.00 price objective on shares of ON in a report on Tuesday, August 12th. Finally, Barclays upped their target price on shares of ON from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.20.

ON 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.