TD Private Client Wealth LLC Has $300,000 Stake in On Holding AG (NYSE:ONON)

TD Private Client Wealth LLC raised its stake in On Holding AG (NYSE:ONON) by 99.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,990 shares of the company’s stock after purchasing an additional 2,986 shares during the quarter. TD Private Client Wealth LLC’s holdings in ON were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. RB Capital Management LLC increased its stake in ON by 214.8% in the 3rd quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock valued at $1,125,000 after buying an additional 15,303 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of ON during the third quarter valued at approximately $351,000. Y Intercept Hong Kong Ltd boosted its position in ON by 584.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company’s stock worth $4,195,000 after purchasing an additional 71,436 shares during the last quarter. MML Investors Services LLC grew its stake in ON by 54.9% in the 3rd quarter. MML Investors Services LLC now owns 43,200 shares of the company’s stock valued at $2,166,000 after purchasing an additional 15,313 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of ON during the 3rd quarter valued at $1,499,000. Institutional investors own 36.39% of the company’s stock.

Analyst Ratings Changes

ONON has been the topic of a number of research analyst reports. Needham & Company LLC started coverage on shares of ON in a report on Friday, November 22nd. They issued a “buy” rating and a $64.00 price target on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $53.00 target price on shares of ON in a research report on Tuesday, November 12th. The Goldman Sachs Group lifted their price target 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 Global Res raised ON to a “hold” rating in a report on Thursday, September 5th. Finally, TD Cowen boosted their target price on ON from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Four equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.38.

ON Trading Down 0.5 %

Shares of ONON opened at $57.30 on Friday. On Holding AG has a 12-month low of $25.78 and a 12-month high of $60.12. The company has a market cap of $36.08 billion, a PE ratio of 133.26 and a beta of 2.30. The stock has a 50-day moving average price of $52.63 and a 200-day moving average price of $46.25.

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.