Virtu Financial LLC Lowers Stake in On Holding AG (NYSE:ONON)

Virtu Financial LLC trimmed its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 78.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,426 shares of the company's stock after selling 54,750 shares during the quarter. Virtu Financial LLC's holdings in ON were worth $774,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TD Private Client Wealth LLC grew its position in shares of ON by 99.4% during the third quarter. TD Private Client Wealth LLC now owns 5,990 shares of the company's stock worth $300,000 after buying an additional 2,986 shares in the last quarter. RB Capital Management LLC grew its holdings in ON by 214.8% during the 3rd quarter. RB Capital Management LLC now owns 22,426 shares of the company's stock worth $1,125,000 after acquiring an additional 15,303 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of ON in the 3rd quarter valued at approximately $351,000. Y Intercept Hong Kong Ltd raised its holdings in shares of ON by 584.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company's stock valued at $4,195,000 after purchasing an additional 71,436 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in shares of ON by 54.9% during the 3rd quarter. MML Investors Services LLC now owns 43,200 shares of the company's stock worth $2,166,000 after purchasing an additional 15,313 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

ON Trading Down 0.5 %

Shares of ONON stock traded down $0.30 during trading hours on Friday, hitting $57.30. The company's stock had a trading volume of 1,960,044 shares, compared to its average volume of 4,826,834. On Holding AG has a twelve month low of $25.78 and a twelve month high of $60.12. The stock has a market cap of $36.08 billion, a price-to-earnings ratio of 133.21 and a beta of 2.30. The business has a fifty day moving average of $52.63 and a 200-day moving average of $46.22.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Hsbc Global Res upgraded ON to a "hold" rating in a research note on Thursday, September 5th. Stifel Nicolaus raised their target price on ON from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday. Needham & Company LLC assumed coverage on ON in a report on Friday, November 22nd. They issued a "buy" rating and a $64.00 price target for the company. Robert W. Baird upped their target price on shares of ON from $55.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, KeyCorp increased their target price on shares of ON from $47.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.38.

About ON

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.