On Holding AG (NYSE:ONON) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC boosted its stake in On Holding AG (NYSE:ONON) by 331.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,614 shares of the company’s stock after purchasing an additional 1,240 shares during the period. Larson Financial Group LLC’s holdings in ON were worth $71,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in ON in the 4th quarter valued at approximately $39,119,000. APEIRON CAPITAL Ltd increased its holdings in ON by 35.9% in the 1st quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company’s stock valued at $43,882,000 after purchasing an additional 264,000 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in ON by 9.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 6,282 shares of the company’s stock valued at $276,000 after purchasing an additional 544 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in ON in the 4th quarter valued at approximately $28,575,000. Finally, Gerber Kawasaki Wealth & Investment Management increased its holdings in ON by 14.7% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 62,281 shares of the company’s stock valued at $3,411,000 after purchasing an additional 7,960 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Price Performance

Shares of NYSE:ONON opened at $53.14 on Monday. The company’s fifty day moving average price is $55.40 and its 200 day moving average price is $51.79. On Holding AG has a 12 month low of $34.59 and a 12 month high of $64.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.18. The firm has a market capitalization of $33.46 billion, a P/E ratio of 75.91, a P/E/G ratio of 2.98 and a beta of 2.25.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ONON. Cowen reissued a “buy” rating on shares of ON in a research report on Wednesday, May 14th. Barclays set a $68.00 price target on shares of ON in a research report on Wednesday, May 14th. Citigroup raised shares of ON from a “neutral” rating to a “buy” rating and decreased their price target for the company from $65.00 to $60.00 in a research report on Monday, April 28th. Morgan Stanley decreased their price target on shares of ON from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus raised their price target on shares of ON from $57.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $63.85.

About ON

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.