Apriem Advisors Invests $274,000 in On Holding AG (NYSE:ONON)

Apriem Advisors acquired a new stake in shares of On Holding AG (NYSE:ONON) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $274,000.

Several other large investors also recently bought and sold shares of the business. Private Trust Co. NA acquired a new position in shares of ON during the 3rd quarter worth approximately $26,000. Blue Trust Inc. lifted its position in ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after buying an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in ON by 210.5% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in ON in the 3rd quarter valued at $29,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of ON in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ONON shares. Truist Financial boosted their price target on shares of ON from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Cowen boosted their target price on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and raised their price target for the stock from $40.00 to $60.00 in a report on Wednesday, November 13th. KeyCorp upped their price objective on ON from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $64.00 price objective on shares of ON in a research report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.73.

ON Stock Up 2.9 %

Shares of ONON stock opened at $49.82 on Thursday. The firm has a 50 day moving average of $55.92 and a two-hundred day moving average of $52.23. The stock has a market capitalization of $31.37 billion, a PE ratio of 115.87, a P/E/G ratio of 1.02 and a beta of 2.30. On Holding AG has a 52 week low of $27.37 and a 52 week 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, 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.