Free Trial

On Holding AG (NYSE:ONON) Shares Sold by Quadrature Capital Ltd

ON logo with Retail/Wholesale background

Quadrature Capital Ltd decreased its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 65.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,096 shares of the company's stock after selling 67,704 shares during the quarter. Quadrature Capital Ltd's holdings in ON were worth $1,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ONON. Private Trust Co. NA acquired a new stake in shares of ON during the 3rd quarter worth about $26,000. Blue Trust Inc. increased its position in shares of ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company's stock valued at $27,000 after acquiring an additional 403 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of ON in the 3rd quarter valued at approximately $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock valued at $28,000 after purchasing an additional 400 shares during the period. Finally, Quarry LP acquired a new stake in shares of ON in the second quarter valued at $32,000. 33.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays lifted their target price on ON from $47.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Piper Sandler lifted their price objective on shares of ON from $52.00 to $56.00 and gave the company an "overweight" rating in a report on Thursday, October 3rd. The Goldman Sachs Group increased their target price on shares of ON from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. HSBC initiated coverage on shares of ON in a research note on Thursday, September 5th. They issued a "hold" rating and a $52.00 price target for the company. Finally, Morgan Stanley increased their price objective on ON from $44.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.05.

Check Out Our Latest Analysis on ON

ON Stock Performance

NYSE ONON traded down $1.73 during trading hours on Friday, hitting $57.64. The company had a trading volume of 3,517,034 shares, compared to its average volume of 4,044,513. The business has a 50 day moving average of $51.96 and a 200-day moving average of $45.60. The company has a market cap of $36.29 billion, a PE ratio of 134.05 and a beta of 2.30. On Holding AG has a 1-year low of $25.78 and a 1-year high of $60.12.

About ON

(Free Report)

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.

Recommended Stories

Institutional Ownership by Quarter for ON (NYSE:ONON)

Should you invest $1,000 in ON right now?

Before you consider ON, you'll want to hear this.

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.

While ON currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Broadcom Hits $1 Trillion – Can This AI Powerhouse Go Higher?
SoundHound Stock Explodes Again – Is a Major Breakout Coming?
How Fintech Strategy at FinWise Bancorp and CEO Vision Are Driving 78% Gains

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines