Robinhood Asset Management LLC Acquires Shares of 102,130 On Holding AG $ONON

Robinhood Asset Management LLC bought a new position in shares of On Holding AG (NYSE:ONON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 102,130 shares of the company’s stock, valued at approximately $4,747,000.

Other institutional investors also recently modified their holdings of the company. United Financial Planning Group LLC bought a new position in ON during the third quarter worth about $42,000. Horizon Investments LLC bought a new stake in ON in the 3rd quarter valued at about $44,000. GAMMA Investing LLC boosted its stake in shares of ON by 5,888.9% in the third quarter. GAMMA Investing LLC now owns 1,078 shares of the company’s stock valued at $46,000 after buying an additional 1,060 shares during the period. Signaturefd LLC boosted its stake in shares of ON by 137.4% in the fourth quarter. Signaturefd LLC now owns 1,244 shares of the company’s stock valued at $58,000 after buying an additional 720 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in ON during the fourth quarter worth approximately $62,000. Institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ONON. Telsey Advisory Group reduced their target price on ON from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of ON in a research note on Wednesday, March 4th. BTIG Research reaffirmed a “buy” rating and set a $70.00 price objective on shares of ON in a research report on Tuesday, March 3rd. UBS Group reiterated a “buy” rating on shares of ON in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of ON in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, ON has an average rating of “Moderate Buy” and an average target price of $59.24.

ON Price Performance

ON stock opened at $33.59 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.71. On Holding AG has a 52 week low of $31.41 and a 52 week high of $61.29. The stock has a market capitalization of $21.43 billion, a P/E ratio of 46.65, a price-to-earnings-growth ratio of 0.66 and a beta of 2.23. The stock has a fifty day moving average of $41.74 and a 200-day moving average of $43.21.

Insider Buying and Selling

In other news, CEO Martin Hoffmann sold 4,150 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $39.79, for a total value of $165,128.50. Following the completion of the transaction, the chief executive officer owned 1,357,020 shares of the company’s stock, valued at approximately $53,995,825.80. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 68.57% of the company’s stock.

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.