Global Retirement Partners LLC Purchases 17,713 Shares of On Holding AG (NYSE:ONON)

Global Retirement Partners LLC boosted its position in On Holding AG (NYSE:ONON) by 337.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,964 shares of the company’s stock after buying an additional 17,713 shares during the quarter. Global Retirement Partners LLC’s holdings in ON were worth $1,258,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning grew its position in shares of ON by 6.6% in the third quarter. Creative Planning now owns 18,779 shares of the company’s stock valued at $942,000 after purchasing an additional 1,160 shares during the last quarter. Blue Trust Inc. boosted its stake in ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after purchasing an additional 403 shares during the period. Raymond James & Associates grew its holdings in ON by 23.4% in the 3rd quarter. Raymond James & Associates now owns 256,725 shares of the company’s stock valued at $12,875,000 after buying an additional 48,600 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in ON in the 3rd quarter worth approximately $219,000. Finally, International Assets Investment Management LLC acquired a new position in shares of ON during the third quarter worth approximately $699,000. Institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

ONON has been the topic of a number of research reports. BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Wednesday, November 13th. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and raised their price target for the stock from $40.00 to $60.00 in a research report on Wednesday, November 13th. Robert W. Baird upped their price objective on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and set a $64.00 target price on shares of ON in a research report on Wednesday, January 15th. Finally, Citigroup started coverage on ON in a report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price target for the company. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ON presently has a consensus rating of “Moderate Buy” and an average price target of $59.73.

ON Trading Down 5.8 %

Shares of ON stock opened at $48.23 on Friday. The stock has a market capitalization of $30.37 billion, a price-to-earnings ratio of 112.16, a P/E/G ratio of 1.04 and a beta of 2.30. The firm’s 50-day moving average price is $56.37 and its two-hundred day moving average price is $51.91. On Holding AG has a 1-year low of $27.37 and a 1-year high of $64.05.

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, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.