APEIRON CAPITAL Ltd Lowers Holdings in On Holding AG (NYSE:ONON)

APEIRON CAPITAL Ltd cut its stake in shares of On Holding AG (NYSE:ONON) by 33.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 735,125 shares of the company’s stock after selling 369,900 shares during the quarter. ON makes up 15.0% of APEIRON CAPITAL Ltd’s portfolio, making the stock its 2nd largest holding. APEIRON CAPITAL Ltd owned about 0.12% of ON worth $40,263,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ONON. Private Trust Co. NA bought a new position in ON in the 3rd quarter valued at $26,000. Blue Trust Inc. increased its stake in shares of 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 buying an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of 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 buying an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in ON during the 3rd quarter worth about $29,000. Finally, Quarry LP acquired a new stake in ON in the 2nd quarter valued at about $32,000. Institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ONON shares. Telsey Advisory Group reiterated an “outperform” rating and set a $53.00 target price on shares of ON in a research report on Tuesday, November 12th. UBS Group reiterated a “buy” rating and issued a $63.00 price objective on shares of ON in a research report on Friday, December 27th. Stifel Nicolaus boosted their target price on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. KeyCorp raised their price target on ON from $47.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Finally, Williams Trading raised ON from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $60.00 in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.77.

ON Stock Down 3.7 %

Shares of ONON stock opened at $54.52 on Tuesday. The company has a market capitalization of $34.33 billion, a price-to-earnings ratio of 126.79 and a beta of 2.30. On Holding AG has a 12-month low of $26.03 and a 12-month high of $60.12. The firm has a fifty day moving average of $54.70 and a 200-day moving average of $47.81.

ON Company Profile

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.