SBI Securities Co. Ltd. Sells 2,720 Shares of On Holding AG $ONON

SBI Securities Co. Ltd. cut its position in shares of On Holding AG (NYSE:ONON) by 45.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,278 shares of the company’s stock after selling 2,720 shares during the period. SBI Securities Co. Ltd.’s holdings in ON were worth $171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bison Wealth LLC increased its stake in ON by 35.7% during the fourth quarter. Bison Wealth LLC now owns 9,291 shares of the company’s stock worth $509,000 after acquiring an additional 2,442 shares during the last quarter. CWM LLC raised its stake in shares of ON by 22.2% in the first quarter. CWM LLC now owns 1,259 shares of the company’s stock valued at $55,000 after acquiring an additional 229 shares during the period. Larson Financial Group LLC lifted its holdings in shares of ON by 331.6% in the 1st quarter. Larson Financial Group LLC now owns 1,614 shares of the company’s stock worth $71,000 after acquiring an additional 1,240 shares during the last quarter. Private Advisor Group LLC raised its position in ON by 31.2% in the 1st quarter. Private Advisor Group LLC now owns 11,328 shares of the company’s stock worth $498,000 after purchasing an additional 2,692 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its stake in ON by 151.2% in the first quarter. Kestra Private Wealth Services LLC now owns 18,878 shares of the company’s stock worth $829,000 after purchasing an additional 11,362 shares during the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on ON from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday. Needham & Company LLC lowered their price target on ON from $62.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Barclays lowered their target price on ON from $69.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 price objective on shares of ON in a report on Thursday. Finally, Truist Financial lowered their target price on ON from $69.00 to $60.00 and set a “buy” rating for the company in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.14.

ON Price Performance

NYSE ONON opened at $42.51 on Monday. The firm’s fifty day simple moving average is $41.63 and its two-hundred day simple moving average is $48.18. The firm has a market capitalization of $26.77 billion, a P/E ratio of 55.21, a P/E/G ratio of 4.11 and a beta of 2.18. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.28. On Holding AG has a 12-month low of $34.38 and a 12-month high of $64.05.

ON Company Profile

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.