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

Apollon Wealth Management LLC boosted its position in On Holding AG (NYSE:ONON) by 74.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Advisors Inc. OK increased its stake in ON by 5.1% in the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock valued at $310,000 after acquiring an additional 301 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake 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 acquiring an additional 400 shares during the last quarter. Blue Trust Inc. increased its stake in ON by 319.8% in 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. Private Trust Co. NA purchased a new stake in ON during the third quarter valued at about $26,000. Finally, King Luther Capital Management Corp boosted its position in ON by 1.0% during the third quarter. King Luther Capital Management Corp now owns 56,595 shares of the company’s stock valued at $2,838,000 after buying an additional 574 shares during the period. Institutional investors own 36.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and set a $67.00 price target on shares of ON in a research report on Wednesday, January 15th. BTIG Research upgraded shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Wednesday, November 13th. Bank of America assumed coverage on shares of ON in a research report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price target for the company. The Goldman Sachs Group upped their price target on shares of ON from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, UBS Group restated a “buy” rating and set a $63.00 price target on shares of ON in a research report on Friday, December 27th. Four research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.73.

ON Stock Performance

ONON stock opened at $54.08 on Wednesday. The firm has a 50 day moving average price of $57.25 and a 200-day moving average price of $51.38. On Holding AG has a 52-week low of $27.37 and a 52-week high of $64.05. The firm has a market capitalization of $34.05 billion, a price-to-earnings ratio of 125.78, a PEG ratio of 1.20 and a beta of 2.30.

About ON

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.