<div id="readability-page-1"><p>Hound Partners LLC purchased a new position in shares of  On Holding AG (NYSE:ONON - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor  purchased 250,000 shares of the company's stock, valued at approximately $13,012,000. ON comprises approximately  1.8% of Hound Partners LLC's portfolio, making the stock its 16th largest position.</p><ul><li>3 Reasons On Holding’s Sell-Off Is Over and New Highs Are Coming</li></ul><p>A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Washington Trust Advisors Inc. acquired a new position in  ON during the 2nd quarter worth about $29,000.  Smartleaf Asset Management LLC lifted its position in shares of  ON by 3,392.6% during the first quarter. Smartleaf Asset Management LLC now owns 943 shares of the company's stock worth $42,000 after purchasing an additional 916 shares in the last quarter.  Quarry LP acquired a new position in shares of  ON during the first quarter worth approximately $60,000.  Ramirez Asset Management Inc. increased its holdings in shares of  ON by 20.0% in the second quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company's stock valued at $62,000 after purchasing an additional 200 shares in the last quarter.  Finally, WD Rutherford LLC bought a new position in  ON in the 2nd quarter worth approximately $73,000. Institutional investors and hedge funds own  36.39% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>ONON has been the topic of several analyst reports. Zacks Research upgraded shares of ON from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Wednesday. Evercore ISI reduced their price target on ON from $68.00 to $50.00 and set an &#34;outperform&#34; rating on the stock in a research report on Monday, November 10th. Weiss Ratings  reiterated a &#34;sell (d+)&#34; rating on shares of ON in a report on Wednesday, October 8th. Needham &amp; Company LLC cut their target price on ON from $62.00 to $52.00 and set a &#34;buy&#34; rating on the stock in a research note on Wednesday, November 12th. Finally, TD Cowen boosted their target price on ON from $55.00 to $57.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned  a Buy rating, one  has issued  a Hold rating and two have assigned  a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $61.27.</p><ul><li>3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound</li></ul><p><b>Get Our Latest Report on ON</b></p><h2>ON Stock Down 1.5%</h2><p>NYSE:ONON opened at $48.73 on Friday. On Holding AG has a 1 year low of $34.38 and a 1 year high of $64.05. The stock has a 50-day moving average price of $42.08 and a two-hundred day moving average price of $46.92. The stock has a market cap of $30.60 billion, a price-to-earnings ratio of 63.29, a PEG ratio of 2.93 and a beta of 2.16. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.28. </p><h2>ON Profile</h2> (Free Report)<ul><li>3 High P/E Stocks Justified by Future Upside Potential</li></ul><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than ON</li><li>How to Calculate Return on Investment (ROI)</li><li>MarketBeat Week in Review – 12/8 - 12/12</li><li>What Are Dividends? Buy the Best Dividend Stocks</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>The 3 Best Fintech Stocks to Buy Now</li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li></ul><p><strong>Want to see what other hedge funds are holding ONON?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Holding AG (NYSE:ONON - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9OT04?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9OT04"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ON Right Now?</h2><p>Before you consider ON, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ON wasn't on the list.</p><p>While ON currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ONON

<p>Hound Partners LLC acquired 250,000 shares of On Holding AG, valued at $13,012,000, making it the 16th largest position in their portfolio. The stock has a consensus rating of 'Moderate Buy' with a target price of $61.27. On Holding AG develops sports products and has a market cap of $30.60 billion.</p>

250,000 Shares in On Holding AG $ONON Bought by Hound Partners LLC