Apollon Wealth Management LLC Buys 6,808 Shares of On Holding AG (NYSE:ONON)

Apollon Wealth Management LLC increased its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 74.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,005 shares of the company's stock after acquiring an additional 6,808 shares during the quarter. Apollon Wealth Management LLC's holdings in ON were worth $877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ONON. Triasima Portfolio Management inc. grew its position in shares of ON by 5.4% in the 4th quarter. Triasima Portfolio Management inc. now owns 54,720 shares of the company's stock worth $2,997,000 after buying an additional 2,800 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of ON in the 4th quarter worth approximately $10,954,000. Strategic Financial Concepts LLC bought a new stake in shares of ON in the 4th quarter worth approximately $30,000. Bleakley Financial Group LLC grew its position in shares of ON by 16.1% in the 4th quarter. Bleakley Financial Group LLC now owns 5,145 shares of the company's stock worth $282,000 after buying an additional 715 shares during the last quarter. Finally, WT Asset Management Ltd bought a new stake in shares of ON in the 4th quarter worth approximately $7,284,000. 36.39% of the stock is currently owned by institutional investors.

ON Stock Performance

Shares of ONON stock traded down $0.43 during mid-day trading on Friday, hitting $51.94. The company's stock had a trading volume of 5,120,818 shares, compared to its average volume of 3,344,015. On Holding AG has a 52-week low of $27.37 and a 52-week high of $64.05. The business has a 50-day moving average price of $56.89 and a 200 day moving average price of $51.58. The stock has a market cap of $32.70 billion, a price-to-earnings ratio of 120.79, a PEG ratio of 1.20 and a beta of 2.30.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ONON shares. Robert W. Baird lifted their price objective on ON from $55.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. TD Cowen raised their target price on ON from $65.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley raised their target price on ON from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Needham & Company LLC restated a "buy" rating and issued a $64.00 target price on shares of ON in a research note on Wednesday, January 15th. Finally, Williams Trading upgraded ON from a "hold" rating to a "buy" rating and raised their target price for the company from $40.00 to $60.00 in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.73.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.