Polianta Ltd Invests $1.34 Million in On Holding AG $ONON

Polianta Ltd purchased a new stake in On Holding AG (NYSE:ONON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 31,600 shares of the company’s stock, valued at approximately $1,338,000.

Other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC lifted its stake in shares of ON by 35.7% in the fourth quarter. Bison Wealth LLC now owns 9,291 shares of the company’s stock valued at $509,000 after buying an additional 2,442 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in ON during the first quarter worth $233,000. Smartleaf Asset Management LLC raised its position in ON by 3,392.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock valued at $42,000 after buying an additional 916 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of ON by 17.7% during the first quarter. CreativeOne Wealth LLC now owns 15,977 shares of the company’s stock valued at $702,000 after purchasing an additional 2,403 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in ON during the first quarter worth about $637,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Stock Down 3.1%

ONON opened at $46.39 on Friday. The company has a 50 day moving average of $43.04 and a 200 day moving average of $46.24. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.28. On Holding AG has a 12 month low of $34.38 and a 12 month high of $64.05. The company has a market cap of $29.13 billion, a PE ratio of 60.24, a price-to-earnings-growth ratio of 2.75 and a beta of 2.16.

Wall Street Analyst Weigh In

ONON has been the topic of a number of research analyst reports. Bank of America boosted their target price on ON from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. upped their price objective on ON from $71.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. BTIG Research reissued a “buy” rating and issued a $70.00 price target on shares of ON in a report on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a report on Wednesday, October 8th. Finally, Truist Financial dropped their target price on shares of ON from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, ON presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.27.

ON 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.