On Holding AG $ONON Position Trimmed by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in shares of On Holding AG (NYSE:ONON) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,130,842 shares of the company’s stock after selling 80,744 shares during the period. Bessemer Group Inc. owned about 0.18% of ON worth $52,562,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ONON. Bogart Wealth LLC boosted its holdings in ON by 88.9% during the fourth quarter. Bogart Wealth LLC now owns 850 shares of the company’s stock worth $40,000 after buying an additional 400 shares in the last quarter. United Financial Planning Group LLC acquired a new position in ON in the 3rd quarter worth approximately $42,000. Horizon Investments LLC acquired a new position in ON in the 3rd quarter worth approximately $44,000. Signaturefd LLC boosted its stake in ON by 137.4% in the 4th quarter. Signaturefd LLC now owns 1,244 shares of the company’s stock worth $58,000 after purchasing an additional 720 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in ON in the 4th quarter worth approximately $62,000. 36.39% of the stock is currently owned by institutional investors.

Insider Activity at ON

In related news, CEO Caspar Felix Coppetti bought 60,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $36.64 per share, for a total transaction of $2,198,400.00. Following the transaction, the chief executive officer directly owned 2,375,855 shares in the company, valued at $87,051,327.20. This represents a 2.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Michael Allemann bought 60,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $36.63 per share, with a total value of $2,197,800.00. Following the transaction, the chief executive officer owned 2,841,108 shares in the company, valued at approximately $104,069,786.04. This represents a 2.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 180,000 shares of company stock worth $6,594,000 and have sold 20,750 shares worth $745,838. 68.57% of the stock is currently owned by corporate insiders.

ON Stock Up 1.0%

ONON stock opened at $37.21 on Friday. On Holding AG has a 12-month low of $31.41 and a 12-month high of $61.29. The company has a quick ratio of 2.13, a current ratio of 2.98 and a debt-to-equity ratio of 0.26. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 40.01, a PEG ratio of 0.74 and a beta of 2.09. The company has a 50 day moving average of $36.24 and a two-hundred day moving average of $41.79.

Analyst Ratings Changes

ONON has been the subject of a number of recent analyst reports. Telsey Advisory Group decreased their price objective on shares of ON from $60.00 to $51.00 and set an “outperform” rating for the company in a research note on Wednesday. KeyCorp decreased their price objective on shares of ON from $58.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus set a $58.00 price objective on shares of ON in a research note on Tuesday, March 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of ON in a research note on Wednesday, March 4th. Finally, Raymond James Financial raised shares of ON from an “outperform” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ON presently has an average rating of “Moderate Buy” and a consensus price target of $55.05.

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.